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CBN licences in Nigeria: types, costs & what fintechs should know

Summary by TechCabal
If you’re building a fintech startup in Nigeria, one of the first things you’ll need to figure out is this: what CBN licences do we need to operate legally, and how much will it cost? Whether you plan to launch a digital wallet, a mobile money app, a savings platform, or a full-scale digital bank, the Central Bank of Nigeria (CBN) requires you to be licenced. And not just any licence. The type you apply for depends on your services, how you move…
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TechCabal broke the news in on Tuesday, May 13, 2025.
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