Nigerian financial sector compliance directory — Acts, Regulations, Guidelines and Circulars from PenCom, CBN, NAICOM, SEC and NDPC.
Opens up merchant acquiring services to licensed non-bank payment service providers.
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.
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 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…
Expands the list of acceptable customer identification documents to include the MRCTD and Refugee ID Card for KYC/CDD purposes.
Directed banks and OFIs to close accounts of persons transacting in cryptocurrency and refrain from facilitating crypto exchanges — the restriction that shaped Nigeria's P2P crypto…
Establishes a regulatory sandbox allowing fintechs to test innovative products under CBN supervision ahead of full licensing.
Establishes a standard for QR code-based payment transactions in Nigeria.
This vault is a monitoring aid, not legal advice; always confirm against the regulator's official publication.
