Fintech Nigeria

How Banks Are Implementing the New ISO 20022 Standard in Nigeria

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As the Central Bank of Nigeria (CBN) financial compliance deadlines approach, commercial banks and fintech infrastructure providers are upgrading their operations to align with the global ISO 20022 payment messaging standard. This migration is designed to modernize Nigeria’s payment networks, improve internal data accuracy, and enhance general transaction traceability across all electronic payment channels. While … Read more

CBN Extends Mandatory PoS Geo-Fencing Deadline and Expands Operational Radius

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The Central Bank of Nigeria (CBN) has officially announced an extension for the mandatory geo-fencing compliance directive targeted at Point-of-Sale (PoS) terminals across the country. According to a recent circular signed by Rakiya Mohammed, Director of the Payments System Supervision Department, commercial banks and payment service operators now have until August 1, 2026, to fully … Read more