Comply with the Nigeria Open Banking Regulatory Framework issued by the Central Bank of Nigeria (CBN) March 2023 + Operational Guidelines for Open Banking December 2023. Register as Open Banking participant (API Provider or API Consumer or both) via the Open Banking Registry (OBR) administered by CBN. Apply tiered API risk categorisation: Tier 0 Product Information (PIST) + Tier 1 Merchant Information (MIT) + Tier 2 Personal Financial Data (PIFT) + Tier 3 Scoring and Analytics (PAST). Conduct Know-Your-Partner (KYP) due diligence on API counterparties including identity verification + corporate structure + regulatory licensing + cyber security maturity + financial soundness.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.