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open banking regulation

Important regulations for open banking in Nigeria

Let’s walk you through the specific open banking regulations in place, their implications, and how they ensure a secure environment for all stakeholders.
3 things open banking is not

3 things that are sometimes mistaken for open banking but not

Open Banking has been touted as one of the most revolutionary shifts in financial services, with Nigeria at the forefront of adopting this transformative model ...
savings and investment in nigeria

How open banking will transform savings and investment in Nigeria

In a country where over 40% of the population lives below the poverty line, saving isn’t just a luxury; it’s a necessity. Whether it’s for ...

Critical stakeholders in the Nigerian open banking journey

Nigeria embarked on its Open Banking journey in 2017, spearheaded by a coalition of industry stakeholders advocating for greater innovation and inclusion. This mirrored the ...
open banking users

Which banks and fintech companies would be open banking users in Nigeria?

Although everyone is allowed, there are strict requirements around regulatory compliance, data security, and technical readiness for open banking users.
Consent management

Nigeria will use BVN for open banking consent management, is it a good move?

In Nigeria, the Open Banking Consent Management System (OBCMS) is the technological platform from which this consent is given. Uniquely, the OBCMS uses the Bank ...