CBN Issues Market Structure Circular Limiting Payment Market Dominance
1 report, 1 independent
Updated Sep 24
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What happened
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
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.
Keep exploring
The entities involved
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Central Bank of Nigeria
central bank
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Olayemi Cardoso
Nigerian banker and one time governor of the central bank of Nigeria
-
Interswitch
payment processing company
Related events
- The Central Bank of Nigeria convened a roundtable in China to strengthen the financial corridor between Nigeria and China.
- Olayemi Cardoso served as the Governor of the Central Bank of Nigeria in 1995.
- A meeting involving the Central Bank of Nigeria was held in Ibadan, led by Governor Olayemi Cardoso.
- Cardoso led CBN engagements with the Monetary Authority of Singapore to strengthen financial links between Nigeria and Singapore.
- Dan Katz questioned CBN Governor Olayemi Cardoso regarding a CBN decision during the IMF Annual Meetings.