SWITCHING & PROCESSING LICENCE CATEGORY — Nigeria

The Nigeria category mapped to process payments (no float) and payment switching / interoperability infrastructure. Regulator: Central Bank of Nigeria. The published category is literally 'SWITCHING & PROCESSING' - one licence whose definition spans both activities, hence dual-mapped per the dual-map rule. Switches route/process transactions between participants without holding customer float. Mapping human-reviewed and approved in the Phase-2 plan, 2026-07-02 (dual-map rule: maps_to follows the statutory definition; dual only where the definition itself spans both activities).

As of 2026-07-02 (date of retrieval — the source publishes no date) · source: Central Bank of Nigeria · 19 entities