Page 58 - UUBO Deal Academy 2020 - Materials

Current Regulatory Regime

• No comprehensive regulatory framework for Fintech services

and operations in Nigeria.

• Different aspects of the Fintech services and operations are

regulated by various regulators.

• Key Nigerian regulators in the Fintech space are:

• Central Bank of Nigeria;

• The Ministry responsible for Home Affairs in each of the States of the

Federation; aand

• Nigerian Communications Commission

• National Insurance Commission/Securities and Exchange Commission.

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