In order to encourage innovation in the payment system, the Central Bank of Nigeria (CBN) is putting in place a Collateral Management Regime (CMR) to regulate the activities of Fintech firms and startups in the country. The Director, Payments System Management Department (PSMD), Sam Okojere, who represented the CBN Governor, Godwin Emefiele, disclosed in his keynote address at the inaugural Lagos Fintech Week in Lagos, that, “the CMR is being developed in line with on-going efforts to evolve a robust collateral…
CBN to Establish Collateral Management Regime to Regulate Fintech
