Publication: Open Banking in Nigeria: Regulatory Environment and Data Protection Concerns

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 -

#GElias #FIntech #Banking #Finance #Data #Privacy #CBN #Nigeria #Africa


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