The Central Bank of Nigeria (CBN) has directed banks, fintechs, mobile money operators, and other payment service providers to store all payment transaction data generated in Nigeria on local servers.

In today’s digital economy, investing is no longer reserved for the wealthy or financial experts.

Headline inflation has climbed to 15.93% in May 2026, according to the latest Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS). 

At the centre of this conversation is the Central Bank of Nigeria (CBN), the institution tasked with maintaining financial stability while encouraging innovation in one of Africa's most dynamic digital economies.

It is against this backdrop that the Central Bank of Nigeria (CBN) unveiled the Nigeria Payments System Vision (PSV) 2028.

I read with keen interest The Nation editorial of June 9, 2026, titled "Non-Performing Loans: Return of the Old Delinquency?" The editorial rightly raises concerns about the growing volume of non-performing loans (NPLs) within Nigeria's banking sector and the potential implications for financial stability. It is an important warning that deserves serious attention from regulators, financial institutions, businesses, and policymakers alike.