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Tag: Open Banking

OPEN BANKING: CBN issues operational guidelines for open banking

March 9, 2023March 9, 2023Ayo Olowo

The Central Bank of Nigeria (CBN) has issued operational guidelines for open banking in the country. This is contained in a circular signed by Musa Jimoh, director of payments system management department on March 7, 2023. What is Open Banking? Open banking is the sharing of financial information electronically, securely, and only under conditions that customers approve […]

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