CBN moves to regulate Open Banking in Nigeria The Central Bank of Nigeria (CBN) in line with its mandate to promote financial system stability has issued the Regulatory Framework for Open Banking in Nigeria. The framework establishes principles for data sharing across the banking and payments ecosystem, which will promote innovation, broaden the range of financial products and services, and deepen financial inclusion. The regulatory framework obtained from the financial institution on Thursday, stipulates, amongst others, data and Application Programming Interface (API) access requirements, principles for API, data, technical…
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