The Central Bank of Nigeria (CBN) has announced plans to introduce new regulations for debit card operations in the country.
The upcoming guidelines are expected to cover card issuance, transaction limits, security protocols, and customer protection measures. According to financial industry sources, the reforms aim to reduce fraud, improve transaction efficiency, and align with global best practices.
Banks and other card issuers are anticipated to receive official circulars detailing the changes, with a likely compliance window for implementation.
The move is part of the CBN’s broader strategy to strengthen Nigeria’s payment system infrastructure and boost confidence in electronic transactions.
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Disclaimer:
This report is based on preliminary information regarding upcoming CBN policy directions. Final rules and implementation details are subject to official release by the Central Bank of Nigeria.
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