Tag: Central Bank of Nigeria

Business news

NITDA DG Tasks CBN Directors on Traditional Regulatory Tools that Can No Longer Govern Modern Banking

Kashifu Inuwa, CCIE, the Director General, National Information Technology Development Agency (NITDA), has declared that Nigeria’s financial stability can no longer be guaranteed through traditional regulatory approaches, warning that banking has evolved into a complex digital ecosystem requiring real-time supervision, cross-sector collaboration, digital sovereignty, and enhanced operational resilience. Speaking on “Digital Transformation, Supervision, Innovation and […]

Fintech

CBN Rejigs Financial Inclusion Strategy to Boost Economic Growth

Philip Ikeazor, the Central Bank of Nigeria’s Deputy Governor for Financial System Stability, said financial inclusion must remain a core priority in the nation’s economic transformation agenda, reaffirming that the next phase of CBN reforms will be crucial for driving growth, stability, and poverty reduction. Represented by Aisha Issa Olatinwo, director of consumer protection and […]

Fintech

CBN Makes case for Open Banking Policy @ Nigeria Fintech Week

Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria, CBN, has said that policies such as open banking when operational will foster new opportunities for collaboration, ensuring customers benefit from competitive, tailored services by balancing innovation. Open banking is a system that allows customers to securely share their financial data with authorized third-party providers […]

Fintech

Nigeria Sets Regulatory Working Committee to Deepen Africa Digital Market Penetration

The Federal Government through the Ministry of Trade and Investment has set up a regulatory committee to deepen digital market penetration and boost exportation of African products. The committee was set up at the AfCFTA Digital Trade Market Access Roundtable organised by the Federal Ministry of Industry, Trade and Investment, hosting regulatory stakeholders from Egypt, […]

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