Nigeria is preparing to implement a significant advancement in its financial infrastructure with the upcoming rollout of open banking. This initiative is expected to enhance the accessibility and interoperability of financial services across the country. Stakeholders in the banking sector are actively working to ensure that the necessary frameworks and regulations are in place to support this transition. The open banking system aims to foster innovation and improve customer experience by allowing third-party developers to build applications and services that can securely access bank data.
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