Month: January 2026

The Central Bank of Nigeria released its Regulatory Framework for Open Banking in Nigeria in 2021. Open banking enables customers to authorise the sharing of their financial data with third-party providers (TPPs), facilitating the development of new financial products and services built on top of bank data. What Is Open Banking? Open banking is the…

The Cybercrimes (Prohibition, Prevention, etc.) Act 2015 is Nigeria’s primary legislation dealing with cybercrime. It criminalises a wide range of digital offences and imposes specific obligations on businesses operating in the digital space. Understanding the Act is essential for any company that relies on digital infrastructure. Overview of the Cybercrimes Act 2015 The Act provides…