Regulatory Framework for Open Banking in Nigeria (with 2023 Operational Guidelines)

Central Bank of Nigeria Framework
Summary

First open banking framework in Africa: standardises API-based data sharing between banks and third parties on a consent basis, with a risk-tiered participant register. Operational Guidelines issued March 2023.

Applicability

Banks, PSPs and API consumers/providers in the open banking ecosystem.

Open Source Document ↗
Document Details
Date Issued
17 Feb 2021
Date Effective
07 Mar 2023
Compliance Deadline
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