Central Bank of Nigeria (CBN) has mandated all participants in Nigeria’s payment ecosystem, including banks, mobile money operators, and payment service providers, to migrate to the ISO 20022 messaging standard and implement mandatory geo-tagging of payment terminals by October 31, 2025. The directive, outlined in a circular dated August 25, 2025, aligns with SWIFT’s global…
President Bola Tinubu has directed the National Single Window Steering Committee to ensure the platform is fully operational by the first quarter of 2026. This directive was given during the fifth steering committee meeting, held at the State House, Abuja, with Tinubu represented by Chief of Staff Femi Gbajabiamila. The meeting has however, emphasized the…