A proposed regulatory body aimed at overseeing and licensing fintech companies in Nigeria, replacing multiple existing agencies.
How Nigerian fintechs can prepare for a unified regulator
Nigeria's House of Representatives is reviewing a bill to establish a unified regulatory body for fintechs. The proposed Nigerian Fintech Regulatory Commission would license fintechs and dictate engagement terms.
Nigeria Moves to Create Single Regulator for Fintechs
The Nigerian Fintech Regulatory Commission (NFRC) is proposed to serve as the single authority for licensing and overseeing fintech activities. The bill aims to simplify Nigeria's complex fintech regulatory environment currently managed by multiple agencies.
Nigeria moves to create single powerful regulator for fintechs with proposed bill
The Nigerian Fintech Regulatory Commission (NFRC) is proposed to regulate all fintechs in Nigeria. The NFRC will replace the current oversight by multiple agencies, creating a single gateway for compliance.
