Regulatory Alerts2021-01-18 | FPR/PRD/INT/PAR/01/043Circular on Issuance of the Framework for Regulatory Sandbox Operations
The Central Bank of Nigeria (CBN) is dedicated to fostering innovation and financial inclusion in the country's financial services sector. To that end, they have released a framework for Regulatory Sandbox Operations, outlining the process for testing innovative products and services in a controlled environment. All stakeholders must adhere to the framework's requirements and payments system regulations, with the CBN monitoring developments and providing guidance as needed.
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payments
fintech
advisory
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