Central Bank of Nigeria Reports 70% Growth in Nigerian Fintech Sector in 2025
The Central Bank of Nigeria reported a significant 70% growth in Nigeria's fintech sector in 2025, positioning the country as a leading digital financial hub in Africa. Governor Olayemi Cardoso highlighted the sector's advancements in innovation and inclusion.
However, challenges such as rising compliance costs, slow regulatory approvals, and technical limitations hinder further progress. The report identified poor interoperability, fragmented API standards, and a lack of robust credit histories as key barriers to scaling financial services.
The apex bank outlined policies to balance financial innovation and stability, including real-time fraud intelligence sharing and regulatory passport facilitation for cross-border expansion within Africa.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
Read full article
Continue on Punch Newspapers
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Fintech to Boost Nigeria's GDP by N8.52 Trillion by 2026, EnterpriseNGR Report Reveals
CBN Fintech Report Shapes Nigeria's Digital Finance Strategy
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
CBN Aims to Shape Global Digital Finance Beyond Fintech Growth
Nigeria's Finance and Insurance Sector Grows 14.54% in 2025
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
