2023-12-11 | FPR/PRD/CIR/INT/001/003

Requirement to Display Corporate Names on Websites, Portals, Applications and Other Online Business Platforms

The Central Bank of Nigeria has issued a circular to financial institutions, requiring them to display their corporate names and licensing information on their digital platforms. This directive aims to protect consumers and foster trust in online financial services by making it easier for users to identify licensed entities. Compliance is mandatory by January 31, 2024, with penalties for non-compliance.

Nigeria

Central Bank of Nigeria

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