The Central Bank of Nigeria (CBN) has raised concerns over the country’s fintech sector, warning that its heavy dependence on foreign investment leaves it vulnerable to global market swings.

The Central Bank of Nigeria (CBN) has released a landmark report on the country’s fintech sector, positioning Nigeria as a continental leader in digital finance while outlining the reforms needed to sustain innovation, inclusion, and integrity.

A bill seeking to establish the fintech regulatory commission has passed the second reading at the house of representatives.

Recent core banking upgrades across Nigerian Deposit Money Banks (DMBs) have sparked operational disruptions, leaving customers frustrated and unable to complete basic transactions. Despite reassurances, prolonged IT glitches have hindered account access, disrupted transfers, and eroded customer trust.

Recent core banking upgrades across Nigerian Deposit Money Banks (DMBs) have sparked operational disruptions, leaving customers frustrated and unable to complete basic transactions. Despite reassurances, prolonged IT glitches have hindered account access, disrupted transfers, and eroded customer trust.

SUBA CAPITAL: Fintech And Nigerian Investors, by Abbas Badmus   Financial technology (Fintech) is used to describe new tech that seeks to improve and automate the delivery and use of financial services. At its core, fintech is utilized to help companies, business owners and consumers better...