CBN Fintech Report Shapes Nigeria's Digital Finance Strategy
The Central Bank of Nigeria (CBN) has published a Fintech report signaling the next phase of Nigeria's digital finance strategy. The report focuses on shaping the country's fintech ecosystem, prioritizing innovation and inclusivity.
It highlights Nigeria's leadership in real-time payments and the maturing fintech conditions necessary for sustainable growth. The report underscores the importance of Nigeria's payment infrastructure, particularly the rapid growth in transaction volumes processed through the NIBSS Instant Payment platform.
It emphasizes the need for regulatory clarity, supervisory capabilities, and cross-border scalability to support responsible innovation. The CBN aims to enhance financial inclusion, improve efficiency, and strengthen the stability and trust in the financial system.
This report marks the beginning of a series of engagements with stakeholders to provide policy direction and support for Nigeria's fintech landscape.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
CBN Releases First Fintech Report, Charts Roadmap for Innovation in Nigeria
CBN Considers Unified Regulatory Framework to Boost Fintech Expansion by 2025
Central Bank of Nigeria Reports 70% Growth in Nigerian Fintech Sector in 2025
CBN Raises Concerns Over Nigeria's Fintech Sector's Reliance on Foreign Investments
CBN Warns Nigeria's Fintech Sector of Foreign Capital Risks, Emphasizes Domestic Funding and Regulatory Modernization
Fintech to Boost Nigeria's GDP by N8.52 Trillion by 2026, EnterpriseNGR Report Reveals
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
