The banking law in Nigeria is a complex and ever-evolving system of regulations that govern the activities of banks and other financial institutions in the country. The primary legislation governing banks in Nigeria is the Banks and Other Financial Institutions Act (BOFIA) 2020, which was enacted to consolidate and amend the previous BOFIA of 1991. […]
CBN Regulatory Framework For USSD
The Central Bank of Nigeria (CBN) Regulatory Framework for the use of Unstructured Supplementary Service Data (USSD) in the Nigerian Financial System was released on April 17, 2018. The framework aims to provide a safe and secure platform for the use of USSD for financial transactions in Nigeria. The framework covers the following areas: The […]