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GrantCBN Regulatory Sandbox Cohort 2 for Nigerian Fintech Innovators

Call For Applications: CBN Regulatory Sandbox Cohort 2 for Nigerian Fintech Innovators

Applications are open for Cohort 2 of the Central Bank of Nigeria (CBN) Regulatory Sandbox , an opportunity for fintech innovators to test new financial products, services, and business models within a controlled regulatory environment. The CBN Regulatory Sandbox provides eligible innovators with an opportunity to test innovative solutions while working with regulators to understand applicable requirements before…

By Nextali Opportunities DeskPublished Updated

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About this opportunity

Applications are open for Cohort 2 of the Central Bank of Nigeria (CBN) Regulatory Sandbox , an opportunity for fintech innovators to test new financial products, services, and business models within a controlled regulatory environment. The CBN Regulatory Sandbox provides eligible innovators with an opportunity to test innovative solutions while working with regulators to understand applicable requirements before full-scale deployment.

Eligibility

The programme is designed for innovators developing financial technology solutions, including: Nigerian fintech startups Financial institutions Technology companies Innovation-driven businesses Other eligible organisations developing new financial products or services. Applicants should ensure that their proposed solution meets the CBN’s requirements before submitting an application.

What Can Participants Test? The regulatory sandbox can support the testing of innovative solutions related to financial services, including new technologies, products, services, and business models that may require regulatory consideration.

This can be particularly useful for fintech founders whose products are innovative but need to be tested in a controlled environment before wider market deployment. Benefits of the CBN Regulatory Sandbox Successful applicants can benefit from: A controlled environment for testing innovative financial solutions Opportunity to obtain regulatory feedback Greater understanding of applicable regulatory requirements Ability to identify and address potential compliance issues A pathway towards developing products that can operate within Nigeria’s financial regulatory framework.

Why This Matters For fintech businesses, regulatory compliance can be one of the biggest challenges when introducing innovative financial products to the market. The CBN Regulatory Sandbox gives innovators an opportunity to test their solutions while engaging with the regulator.

This can help businesses identify regulatory, operational, and consumer-protection issues before committing to a wider commercial rollout.

Application timeline

Applicants should check the official CBN Regulatory Sandbox portal for the current Cohort 2

Application timeline

and

programme timeline

Application steps

Interested Nigerian fintech innovators can review the requirements and submit their applications through the official CBN Regulatory Sandbox portal: Apply for the CBN Regulatory Sandbox Cohort 2

Who can apply

  • eligible innovators with an opportunity to test innovative solutions while working with regulators to understand applicable requirements before full-scale deployment

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Nextali researches and curates useful opportunities to make discovery easier. Before applying, verify every timeline, requirement, fee and application link on the official provider website. Do your own research into the organisation, its background and the authenticity of the offer. Nextali does not guarantee selection, funding or the conduct of third party providers.

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