2025-10-06 | PSP/DIR/CON/CWO/001/049

Circular and Guidelines for the Operations of Agent Banking in Nigeria

The Central Bank of Nigeria has issued new guidelines for the operations of agent banking in Nigeria, effective from the date of release, except for agent location and exclusivity which takes effect from April 1, 2026. These guidelines aim to establish minimum standards for agent banking, enhance financial inclusion, encourage responsible market conduct, and improve service quality. The CBN requires all stakeholders, including deposit money banks and other financial institutions, to ensure strict compliance with the new guidelines and other regulations.

Nigeria

Central Bank of Nigeria

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