Alert: Central Bank of Nigeria Circular PSM/DIR/CON/INM/019/098

Title: Operational Guidelines for Open Banking in Nigeria

Summary: The circular requests that all financial institutions, including deposit money banks, mobile money operators, and payment service providers, comply with the Operational Guidelines for Open Banking in Nigeria. This is to facilitate the sharing of customer-permissioned data between banks and third-party firms, promoting the development of customer-focused products and services, as well as improving efficiency, competition, and access to financial services. Stakeholders must adhere to the guidelines and other applicable regulations.

Posted on: Wednesday, March 08, 2023

Download: PSM/DIR/CON/INM/019/098