Nigeria
NG
Regulator
Central Bank of NigeriaRegimes
5
Central Bank of Nigeria, Securities and Exchange Commission (Nigeria)
Companies
6
6 active licences
Passporting in
0
0 home states
Activities
5
/ 25
PROVENANCE
0% registry0% document100% inferred
REGIMES IN THIS JURISDICTION
click a tier for its sourceREGIME · STATUTEACTSMIN CAPITALTIMELINEAPPLICATION FEE
Switching and Processing Licence / Nigeria / CBNBanks and Other Financial Institu… · Central Bank of Nigeria
Execute payment transactions (direct debits, card payments, credit transfers)1/25 · 4 holders
no data
no data
no data
→Mobile Money Operator Licence / Nigeria / CBNBanks and Other Financial Institu… · Central Bank of Nigeria
Issue electronic money, Money remittance2/25 · 2 holders
no data
no data
no data
→Payment Solution Service Provider Authorisation / Nigeria / CBNBanks and Other Financial Institu… · Central Bank of Nigeria
Execute payment transactions (direct debits, card payments, credit transfers)1/25 · 0 holders
no data
no data
no data
→Payment Terminal Service Provider Authorisation / Nigeria / CBNBanks and Other Financial Institu… · Central Bank of Nigeria
Execute payment transactions (direct debits, card payments, credit transfers)1/25 · 0 holders
NGN 100,000,000 source
no data
no data
→Digital Asset Exchange/Custodian/Offering Platform Registration / Nigeria / SECInvestments and Securities Act 20… · Securities and Exchange Commission (Nigeria)
Exchange crypto-assets for funds, Provide custody and administration of crypto-assets on behalf of clients2/25 · 0 holders
no data
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no data
→Licences issued here
6 activeSource: Central Bank of Nigeria, Securities and Exchange Commission (Nigeria)’s public register, read 1 Sep 2026
| Company | Regulator | Licence | Covers | Granted |
|---|---|---|---|---|
| Flutterwave Technology Solutions LimitedPart of Flutterwave Inc. | Central Bank of Nigeria | Switching and Processing Licence | Payments | not published |
| Interswitch Limited | Central Bank of Nigeria | Switching and Processing Licence | Payments | not published |
| Opay Digital Services LimitedPart of Opera Group / OPay Group | Central Bank of Nigeria | Mobile Money Operator Licence | PaymentsE-money | not published |
| PalmPay Limited | Central Bank of Nigeria | Mobile Money Operator Licence | PaymentsE-money | not published |
| Paystack Payment LimitedPart of Stripe, Inc. | Central Bank of Nigeria | Switching and Processing Licence | Payments | not published |
| Teamapt Limited | Central Bank of Nigeria | Switching and Processing Licence | Payments | not published |
INBOUND PASSPORTING — REGIMES ELSEWHERE THAT REACH THIS MARKET
HOME REGIMENo inbound passporting reaches this jurisdiction.
ACTIVITIES PERMITTED IN THIS JURISDICTION
5Exchange crypto-assets for fundsConferred by Digital Asset Exchange/Custodian/Offering Platform Registration / Nigeria / SEC (for consumer, sme, corporate)
Execute payment transactions (direct debits, card payments, credit transfers)Conferred by Switching and Processing Licence / Nigeria / CBN (for sme, corporate, regulated-fi); Payment Solution Service Provider Authorisation / Nigeria / CBN (for sme, corporate); Payment Terminal Service Provider Authorisation / Nigeria / CBN (for sme, corporate)
Issue electronic moneyConferred by Mobile Money Operator Licence / Nigeria / CBN (for consumer, via-intermediary)
Money remittanceConferred by Mobile Money Operator Licence / Nigeria / CBN (for consumer, via-intermediary)
Provide custody and administration of crypto-assets on behalf of clientsConferred by Digital Asset Exchange/Custodian/Offering Platform Registration / Nigeria / SEC (for consumer, sme, corporate)
PRODUCTS AVAILABLE HERE
4PRODUCTCLIENT TYPESTATUSMISSING ACTIVITIES
Stablecoin custodyconsumer · SME · corporatefullhypothetical—
regulated FI · via intermediarynoneProvide custody and administration of crypto-assets on behalf of clients
Crypto off-ramp (crypto to fiat payout)SME · corporateconditionalhypothetical—
regulated FInoneExchange crypto-assets for funds
consumernoneExecute payment transactions (direct debits, card payments, credit transfers)
via intermediarynoneExchange crypto-assets for funds, Execute payment transactions (direct debits, card payments, credit transfers)
Crypto on-ramp (fiat to crypto)SME · corporateconditionalhypothetical—
regulated FInoneExchange crypto-assets for funds
consumernoneExecute payment transactions (direct debits, card payments, credit transfers)
via intermediarynoneExchange crypto-assets for funds, Execute payment transactions (direct debits, card payments, credit transfers)
Stablecoin orchestrationSME · corporateconditionalhypothetical—
regulated FInoneProvide custody and administration of crypto-assets on behalf of clients, Exchange crypto-assets for funds
consumernoneExecute payment transactions (direct debits, card payments, credit transfers)
via intermediarynoneProvide custody and administration of crypto-assets on behalf of clients, Exchange crypto-assets for funds, Execute payment transactions (direct debits, card payments, credit transfers)
Card issuingconsumer · SME · corporate · regulated FI · via intermediarynoneIssue payment instruments and/or acquire payment transactions, Issue card-based payment instruments (card issuing)
Cross-border remittanceSME · corporate · regulated FInoneCross-border remittance as a distinct commercial activity, Money remittance
consumer · via intermediarynoneCross-border remittance as a distinct commercial activity
IBAN accountsSME · corporate · regulated FInonePlace cash on a payment account, Cash withdrawal from a payment account, Issue IBAN accounts in the institution's own name
consumer · via intermediarynonePlace cash on a payment account, Cash withdrawal from a payment account, Execute payment transactions (direct debits, card payments, credit transfers), Issue IBAN accounts in the institution's own name
Merchant collectionsSME · corporate · regulated FInoneAcquire card-based payment transactions (card acquiring)
consumer · via intermediarynoneAcquire card-based payment transactions (card acquiring), Execute payment transactions (direct debits, card payments, credit transfers)
PayoutsSME · corporate · regulated FInoneCurrency conversion (FX) as a service
consumer · via intermediarynoneCurrency conversion (FX) as a service, Execute payment transactions (direct debits, card payments, credit transfers)
CHANGES
Nothing to show yet. A change log needs two snapshots to compare, and history only began being recorded on 2026-08-14 — the builds captured so far differ by zero values. Rather than back-fill invented history, this fills in as the corpus actually moves.
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Jurisdiction: Nigeria