- The Central Bank of Nigeria has asked banks and other financial institutions not to share customers’ data without their consent
- The bank disclosed this in new operational guidelines released on Wednesday, March 8, 2023
- Per the statement, banks must obtain customers’ consent before giving out their information to a third party
The Central Bank of Nigeria (CBN) released new operational guidelines for Open Banking on Wednesday, March 8, 2023.
The new guidelines set principles for data-sharing across the banking and payment ecosystems.