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The End of Feature-Based AML Compliance: CBN’s New Baseline Standards for Financial Institutions, Fintechs, and VASPs in Nigeria
Regulatory Compliance June 25, 2026

The End of Feature-Based AML Compliance: CBN’s New Baseline Standards for Financial Institutions, Fintechs, and VASPs in Nigeria

Does your organization procure compliance software merely to satisfy a check-box requirement, yet remain unable to demonstrate that the technology actually detects and prevents financial crime? There is a new framework by the Central Bank of Nigeria (CBN) which directly challenges this approach. The days of feature-based compliance and vendor-driven implementation are over. The CBN now demands demonstrable effectiveness for all financial institutions in Nigeria. Accordingly, the new framework shifts regulatory focus from paper-based compliance to real-time scrutiny. The CBN will no longer just audit written compliance policies; it will actively scrutinize the logic, process, capability, and security of the compliance technology itself.

The CBN May 2026 Monetary Policy Communique: Implications for Market Participants
Updates & Headlines May 24, 2026

The CBN May 2026 Monetary Policy Communique: Implications for Market Participants

Gabriel Eze, Lead Associate Introduction On Wednesday 20 May 2026, the Monetary Policy Committee (the “Committee”, or “MPC”) of the Central Bank of Nigeria (the “CBN”) released a Communiqué of its 305th meeting held on 19 and 20 May 2026… Read more

Industry Insight Policy & Regulations July 11, 2023

Bridging Gaps in eNaira Adoption in Nigeria

In this article, we consider how well the eNaira has fared, considering its adoption rate and related factors. Towards bridging the gaps we identify, we will briefly discuss four (4) major considerations that can boost eNaira adoption.

CBN  fined by the Federal High Court for denying group access to information
Updates & Headlines June 29, 2023

CBN  fined by the Federal High Court for denying group access to information

The Central Bank of Nigeria (CBN) has been ordered by a Federal High Court sitting in Abuja FCT on Wednesday 14 June 2023 to pay Media Rights Agenda (MRA) the sum of N1 million as damages for the apex bank’s wrongful denial of access to information. Justice Donatus Uwaezuoke Okorowo of the Federal High Court delivered the judgment.