ABUJA, Nigeria — The Central Bank of Nigeria (CBN) has opened applications for the second cohort of its Regulatory Sandbox Programme, inviting financial institutions, fintech companies, technology firms and Virtual Asset Service Providers to test new products under regulatory supervision. Okay News reports that the new cohort introduces two dedicated testing tracks covering virtual asset services and data-enabled financial products. The CBN said the Regulatory Sandbox provides a controlled environment where eligible participants can test financial products, business models and enabling technologies while engaging directly with the regulator. “Participation in the Regulatory Sandbox does not constitute a licence, authorisation, or approval to operate outside the approved testing parameters,” the statement said. Interested organisations are required to apply through the CBN Regulatory Sandbox Portal before the deadline.