Galaxy Backbone Supports Nigeria's Digital Financial Ecosystem

Galaxy Backbone reaffirmed its commitment to supporting Nigeria's digital financial ecosystem during a second-quarter webinar aimed at strengthening digital trust and regulatory compliance. The event featured key executives, including Executive Director Ibrahim Sani, who emphasized the rapid transformation of Nigeria's financial sector and the importance of trust in digital infrastructure.

The Central Bank of Nigeria (CBN) has directed banks and fintech companies to mobilize money operations and ensure payment data remains within Nigeria's jurisdiction. Galaxy Backbone continues to provide digital backbone support to both public and private sector institutions, including financial institutions.

Executive Director Olumb Akinkugb discussed the role of regulatory compliance in safeguarding Nigeria's financial ecosystem, while Thoma Oghenebhumh showcased Galaxy Backbone's sovereign cloud capabilities. The webinar concluded with insights on the need for collaboration among regulators, technology providers, and financial institutions to build digital trust and ensure compliance with evolving regulatory standards.