Regulatory Alerts2026-03-16 | PSS/DIR/CON/CWO/002/010Mandatory Integration with the Nigeria Revenue Service Transaction Monitoring System (TMS)
The Central Bank of Nigeria mandates that all licensed Payment Solution Service Providers and switching companies integrate with the Nigeria Revenue Service Transaction Monitoring System. Entities must immediately engage the NRS technical team for onboarding requirements while maintaining strict adherence to AML/CFT/CPF regulatory frameworks. Compliance is mandatory under the Nigeria Revenue Service (Establishment) Act, 2025, and the Bank Banks and Other Financial Institutions Act, 2020.
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