Regulatory Alerts2026-06-05 | FPR/FCC/INT/MAI/001/100Financial Services Regulation Coordinating Committee Communique
The Financial Services Regulation Coordinating Committee (FSRCC) of Nigeria reaffirmed its commitment to financial system stability following its 80th meeting, acknowledging strong capital market performance and ongoing sector recapitalization. The Committee mandated strengthened oversight of fintechs and crypto assets, proactive measures against illegal financial operators, and greater utilization of structured capital market instruments by subnational governments for project financing. To implement these directives, regulators will deploy predictive analytics and AI tools for fraud detection, expand USSD verification channels for the public, and establish a cross-agency cybersecurity working group.
Share