CBN

Central Bank of Nigeria

Africa

CBN is the financial regulator profiled here for its role in open banking, licensing, and market oversight in Nigeria. As a National Competent Authority (NCA), it sets expectations for how banks and third-party providers connect and protect customers. Think of this page as a briefing note: a structured overview before you open statutes, registers, and technical standards.

🏛️
Jurisdiction
Nigeria
📋
Regulations
1
Open Banking frameworks
🌍
Region
Africa
🔗
Type
NCA
National Competent Authority

About CBN

The Central Bank of Nigeria (CBN) is the primary financial regulatory authority in Nigeria responsible for overseeing open banking and financial services. As a National Competent Authority (NCA), CBN ensures that banks and third-party providers comply with open banking regulations, protecting consumers while fostering innovation in financial services.

Jurisdiction

Nigeria
View Open Banking providers, banks, and TPPs in Nigeria

Regulations Overseen

CBN is responsible for enforcing and monitoring compliance with the following open banking and financial regulations:

Key Responsibilities

Licensing and authorizing Third-Party Providers (TPPs) including AISPs and PISPs
Ensuring banks provide secure API access to authorized third parties
Monitoring compliance with Strong Customer Authentication (SCA) requirements
Investigating complaints and enforcing consumer protection standards
Publishing guidance and technical standards for open banking implementation
Coordinating with other regulators on cross-border open banking matters

Official Resources

Related Regulators

Other open banking regulators in Africa:

Need to integrate with Open Banking APIs?

Explore our directory of API aggregators and regulations to accelerate your compliance.

Want to integrate Accounting & ERP data?

Connect to 30+ accounting platforms and ERPs through a single unified API with Apideck.

Explore Apideck Accounting API