The Central Bank of Nigeria (CBN) has published a comprehensive report assessing the country’s financial technology (fintech) landscape, setting out key priorities to sustain innovation, enhance system integrity, and accelerate the next phase of digital financial growth.
The report evaluates the scale, structure, and maturity of Nigeria’s fintech ecosystem, highlighting the nation’s strong performance in real-time payments and the underlying factors driving recent expansion.
It describes fintech as a complementary force within the broader financial system, improving access, efficiency, and service delivery while maintaining stability and resilience.
Drawing on surveys and broad stakeholder consultations, the apex bank outlined practical policy measures aimed at improving regulatory coordination, strengthening supervisory capacity, and promoting responsible innovation, including opportunities for cross-border expansion.
The document also identifies interoperability, proportionate regulation, and effective implementation as key pillars for building a sustainable fintech ecosystem.
According to the CBN, the publication is part of an ongoing engagement strategy to provide clearer regulatory guidance and foster closer collaboration across the financial sector.
It is designed to serve as a reference for banks, fintech companies, regulators, infrastructure providers, investors, and other stakeholders as Nigeria strengthens its position in the regional and global fintech space.
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