BUSINESSPREMIUM TIMES NIGERIA
CBN orders banks, fintechs to disclose owners, store payment data in Nigeria
The Central Bank of Nigeria (CBN) has ordered banks and fintechs to disclose their owners and store payment data within Nigeria. The move aims to promote transparency, reduce market concentration risks, and enhance the resilience of the country's payments ecosystem.
Related Signal
Adjacent reporting
- Treasury expands bank data-sharing rules tied to Trump immigration crackdown
- Treasury expands bank data-sharing rules tied to Trump immigration crackdown
- Trump orders review of fintech firms' access to Fed payment services
- VerifiedX brings privacy layer to Bitcoin as institutional demand for confidentiality grows
- Trump just issued an executive order allowing Digital Asset integration to TradFi