Nigeria’s technology sector in 2025 marked a decisive shift from survival mode to consolidation, as operators, startups, regulators and policymakers navigated economic headwinds while laying firmer foundations for long-term digital growth.
The Nigeria Inter-Bank Settlement System (NIBSS) data has shown that the number of Nigerian bank account owners linked to Bank Verification Number (BVN) hit 66.2 million at the end of July, 2025.
This is revealed by fresh data released by the Nigeria Inter-Bank Settlement System (NIBSS), highlighting the expansion of financial inclusion efforts across the country.
Despite increased network glitches across networks in the first three months of 2025, electronic payment transactions, across various platforms, rose by 22 per cent to N284.9 trillion in the first quarter of 2025.
In a nation where financial opportunity has too often been a privilege of the few, the Central Bank of Nigeria (CBN) is rewriting the script. It in partnership with the Nigeria Inter-Bank Settlement System (NIBSS) unveiled a groundbreaking innovation: the Non-Resident Bank Verification Number (NRBVN) platform.
