Nigerian financial sector compliance directory — Acts, Regulations, Guidelines and Circulars from PenCom, CBN, NAICOM, SEC and NDPC.
Established the non-interest (Shari'ah-compliant) fund within the multi-fund structure, with dedicated instrument screening and an Advisory Committee of Experts requirement.
Governs shared services arrangements between banks and related/group entities, setting cost-allocation and documentation standards.
Consolidated licence-tier requirements for participants in the payments system.
Refines and strengthens the registration process for market operators under Rule 45 (registerable functions).
Detailed operational guidelines for the Regulatory Incubation pathway: pre-qualification requirements, incubation operations, restrictions (up to 100 clients, one-year duration), t…
Amends Rule 67 (sub-brokers) and Rule 70 (records of transactions with clients), and introduces new Rule 76.
Directs deposit money banks and forex dealers not to reject older or lower-denomination US dollar banknotes, later reinforced in 2024 (cb-b5-05).
Standardises the conduct of repurchase (repo) transactions under CBN standing facilities.
Mandates all development finance institutions, microfinance banks, primary mortgage banks and finance companies to enrol on the Credit Risk Management System for credit reporting.
Introduces rules on warehousing and collateral management; sundry amendments reinstate individual sub-broker registration (Rule 19), address fidelity bonds (Rule 27), and set minim…
Introduces a naira incentive scheme rewarding recipients of diaspora remittances processed through IMTOs. A May 2021 circular subsequently clarified scheme operations.
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…
This vault is a monitoring aid, not legal advice; always confirm against the regulator's official publication.
