In May 2022, the Central Bank of Nigeria issued the Operational Guidelines for Open Banking in Nigeria to complement the existing Regulatory Framework for Open Banking in Nigeria. The existence of a regulatory environment for open banking in Nigeria consolidates the country’s reputation as a leading FinTech jurisdiction in Sub-Saharan Africa. Nigeria’s open banking regulatory regime, however, is not without its lapses.
Our Senior Associate, Ebimobowei Jikenghan and Associates, Oluwafunmilayo Mayowa and Fidelis Oguche review the Nigerian open banking climate and highlight areas for improvement.
Read here - https://lnkd.in/dY-cTVJb
#GElias #FIntech #Banking #Finance #Data #Privacy #CBN #Nigeria #Africa
6 Broad Street
Lagos
Nigeria
2nd Floor, Abia House
Plot 979, First Avenue
Off Ahmadu Bello Way
Central Business District
Abuja.
Telephone: +234 1 8888881
E-mail: gelias@gelias.com
© 2024 G ELIAS
call