Nigeria’s payment landscape is once again at a critical turning point. In response to recurring cash management challenges, POS network failures, and systemic vulnerabilities within the payments ecosystem, the Central Bank of Nigeria (CBN) has issued two significant regulatory circulars with far-reaching implications for individuals, businesses, banks, and fintechs.
These new directives signal a deliberate move towards greater efficiency, resilience, and digital adoption across the financial system.
Click here to continue reading as we unpack the key provisions of the regulations and what they mean in practice.