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The Central Bank of Nigeria rolled out sweeping new regulations for major fintech firms between March and June 2026CBN introduced ring-fencing rules requiring each fintech subsidiary to operate with its own governance, capital, and risk systemsFintechs that control more than 25% of consumer issuing will face strict limits on their share of merchant acquiring under the new rules
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The Central Bank of Nigeria (CBN) has introduced a set of sweeping new regulations targeting major digital payment companies, including OPay, Moniepoint, PalmPay, Paystack and Flutterwave, as part of a broader effort to tighten oversight and deepen financial inclusion across the country.
The reforms, released between March and June 2026, touch on market concentration, operational ring-fencing, ownership disclosure, financial holding structures and anti-money laundering (AML) compliance.
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