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  1. The Nigerian financial and regulatory landscape involves the Central Bank of Nigeria, Olayemi Cardoso, and key digital payment entities like OPay.

CBN Issues Market Structure Circular Limiting Payment Market Dominance

1 report, 1 independent Updated Thu 00:00
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What happened

Some supportReported by 1 outlet

The Central Bank of Nigeria issued a market structure circular on June 16, 2026, introducing new rules governing payment market dominance in Nigeria. These rules limit how far one firm may dominate both sides of the payment market. Specifically, a licensed institution holding more than 25 percent of consumer card issuing faces a 15 percent limit.

From riotimesonline.com

Why it matters

Some supportBrind's analysis of the reports

The circular establishes new operational constraints on the payment infrastructure in Nigeria. These rules are designed to manage market concentration and competition within the country's payment ecosystem.

From riotimesonline.com

Who's involved

  • Central Bank of NigeriaThe mandated institution responsible for executing Nigeria's national monetary and financial policy.
  • Olayemi CardosoNigerian banker and former governor of the Central Bank of Nigeria.
  • InterswitchPayment processing company operating within the regulated Nigerian payment market.

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