Introduction The Central Bank of Nigeria’s (CBN) recently released the Regulatory Framework for Open Banking in Nigeria, a document which the apex bank believes will provide an enabling regulatory environment that will eventually trigger the provision of innovative and customer-centric financial services in Nigeria, define risk-based data access levels and services through the safe utilisation and exchange of data and services, outline baseline and standards for data exchange among financial services sector participants while guiding operators in the handling of attendant risks and also promote healthy competition in banking. The CBN’s positioning in the past three years especially with regards to how easy they have endorsed disruption in the market makes this inevitable.