The CBN has a plan to make regulation work for fintechs. Here is what it looks like.
- The CBN released the Fintech Policy Insight Report on February 2, 2026, developed through extensive stakeholder engagement.
- Nigeria processed close to 11 billion transactions through its Instant Payment platform in 2024, a significant increase from 5 billion in 2022.
- The report proposes a Standing Fintech Engagement Forum for quarterly dialogue and policy co-creation.
The CBN's proactive approach in releasing the Fintech Policy Insight Report indicates a strong commitment to fostering innovation and collaboration within Nigeria's fintech sector. By learning from past experiences and engaging stakeholders, the CBN is positioning itself as a facilitator of growth rather than just a regulator, which could lead to a more dynamic and resilient fintech ecosystem.
