Nigeria Open Banking Regulatory Framework (CBN, 2023)
The Central Bank of Nigeria (CBN) Open Banking Regulatory Framework (2023) establishes guidelines for the sharing of customer data and services through APIs across Nigerian financial institutions. The framework addresses data sharing, API security, consumer protection, and governance for open banking.
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Framework Domains (8)
API Operations
| Code | Title |
|---|---|
| NGOB-4 | API Performance, Availability, and Service Level |
API Security
| Code | Title |
|---|---|
| NGOB-3 | API Security Standards, mTLS, and Encryption |
Consent Management
| Code | Title |
|---|---|
| NGOB-2 | Customer Consent Management and Lifecycle |
Customer Protection
| Code | Title |
|---|---|
| NGOB-6 | Customer Notification, Liability Allocation, and Data Localisation |
Fraud and Incident Response
| Code | Title |
|---|---|
| NGOB-5 | Fraud Monitoring, Incident Notification, and Reporting to CBN |
Governance and Continuity
| Code | Title |
|---|---|
| NGOB-8 | Board Oversight, Business Continuity, and Open Banking Risk Governance |
Logging and Assurance
| Code | Title |
|---|---|
| NGOB-7 | Logging, Audit Trail, Independent Assurance, and Sandbox Testing |
Registry and Tiering
| Code | Title |
|---|---|
| NGOB-1 | Open Banking Registry Participation, Tiered Categorisation, and KYP |
Your Compliance Coverage
If you comply with Nigeria Open Banking Regulatory Framework (CBN, 2023), you already cover:
Turkey KVKK
50%
4 controls mapped
Compare →Privacy Act 1988 (Australia)
50%
4 controls mapped
Compare →Personal Data Act (personopplysningsloven)
50%
4 controls mapped
Compare →+ 142 more: NIST SP 800-122 (50%), NIST Privacy Framework (50%)
See all 145 mapped frameworks ↓Maps to 145 other frameworks
Frequently Asked Questions
What is Nigeria Open Banking Regulatory Framework (CBN, 2023)?
Nigeria Open Banking Regulatory Framework (CBN, 2023) is a compliance framework from Nigeria (CBN) with 8 domains and 8 controls. The Central Bank of Nigeria (CBN) Open Banking Regulatory Framework (2023) establishes guidelines for the sharing of customer data and services through APIs across Nigerian financial institutions. The framework addresses data sharing, API security, consumer protection, and governance for open banking. It is used by organisations to establish and maintain compliance with industry standards and regulatory requirements.
How many controls does Nigeria Open Banking Regulatory Framework (CBN, 2023) have?
Nigeria Open Banking Regulatory Framework (CBN, 2023) has 8 controls organised across 8 domains. The largest domains are API Operations (1 controls), API Security (1 controls), Consent Management (1 controls). Each control defines specific requirements that organisations must implement to achieve compliance.
What frameworks does Nigeria Open Banking Regulatory Framework (CBN, 2023) map to?
Nigeria Open Banking Regulatory Framework (CBN, 2023) maps to 145 other compliance frameworks. The top mapping partners are Turkey KVKK (50% coverage), Privacy Act 1988 (Australia) (50% coverage), Personal Data Act (personopplysningsloven) (50% coverage). Use our comparison tool to explore control-level mappings between frameworks.
How do I get started with Nigeria Open Banking Regulatory Framework (CBN, 2023) compliance?
Start your Nigeria Open Banking Regulatory Framework (CBN, 2023) compliance journey by running a self-assessment on our platform to identify your current compliance posture. Our AI advisory can answer specific questions about Nigeria Open Banking Regulatory Framework (CBN, 2023) requirements, and cross-framework mapping helps you leverage existing controls from other frameworks you may already comply with. Create a free account to access all 8 controls and track your progress.
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