29/07/2026
The Central Bank of Nigeria (CBN) is one of the primary regulators of the fintech sector in Nigeria. The CBN regulatory framework is outlined in circulars and guidelines published from time to time.
The CBN organizes Payment Systems Providers (PSPs) into distinct licence tiers, each with its own capital thresholds and permissible activities. This article explains the various licensing categories, the application process, and practical considerations for founders who intend to undertake licensing.
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