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Open Banking: Are traditional banks ready to get with the program?
The Central Bank of Nigeria (CBN) announced the operational guidelines for open banking in a circular released earlier this month as it seeks to improve the nation’s financial ecosystem.
Death, taxes, and an ever-evolving financial landscape. As of 2021, the number of active bank accounts in Nigeria was 133.5 million. In 2022, the volume of financial transactions rose to a five-year high of 5.2 billion, a sharp contrast from the previous years.
So we can agree that Nigeria’s financial system i
Death, taxes, and an ever-evolving financial landscape. As of 2021, the number of active bank accounts in Nigeria was 133.5 million. In 2022, the volume of financial transactions rose to a five-year high of 5.2 billion, a sharp contrast from the previous years.
So we can agree that Nigeria’s financial system i