ARE YOU READY FOR THE

Central Bank of Nigeria's Cybersecurity guidelines?

The implementation of the Banks and Other Financial Institutions Act (BOFIA) is a tool that has the capacity to tackle systemic risks in the financial sector.The Banks and Other Financial Institutions Act 2020, is an enhanced regulation that offers an improvement that can transform the country’s financial sector and a step forward.

This Act will impact OFIs such asExamples of nonbank financial institutions include insurance firms, venture capitalists, currency exchanges, some micro-loan and micro-finance organizations.

About the regulations

Who will it affect?

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