8 Practical Steps on How to open agent banking business in Nigeria
To open an agent banking business in Nigeria, you will need to follow these steps: 1. Know everything about agent banking in Nigeria. Visit here! 2. You are to research the regulatory requirements here by downloading the CBN document: Nigeria has regulations that govern the operation of agent banking businesses, and it is important to understand these regulations before starting the business. The Central Bank of Nigeria (CBN) is the regulatory authority for agent banking in Nigeria, and you can visit their website to learn about the regulations. Tip: - Download also guidelines document: CBN guidelines for regulating agent banking in Nigeria 3. Identify a partner bank of your choice: Agent banking requires a partnership with a bank that will provide the necessary support and infrastructure for the business. You will need to identify a bank that offers agent banking services and meet their requirements to become an agent. Tip: You can search CBN list of Bank...