The Central Bank of Nigeria, CBN has released a Regulatory Guidelines and Framework for Mobile Money Services in the country. According to CBN, the introduction of mobile telephony in Nigeria and its rapid growth and adoption among other factors gave the drive for the decision to issue the framework. The aim is to create an enabling environment and get an orderly introduction plus logical management of mobile money services. It said: “The Framework defines the regulatory environment as a policy path towards achieving availability, acceptance and usage of mobile payment services.” CBN further...