The Central Bank of Nigeria (CBN) is the country's apex monetary authority, established by the CBN Act of 1958 and officially commencing operations on July 1, 1959
Nigeria exited the FATF grey list. Now it wants to set the rules for African fintech
Nigeria was officially removed from the FATF grey list on October 24, 2025, after completing a 19-point action plan. The Nigerian Financial Intelligence Unit (NFIU) played a central role in coordinating the reforms necessary for the exit.
Africa’s crypto is complex. Josephine Inika has made a career simplifying it.
Josephine Inika prioritizes clarity over cleverness in her communication about cryptocurrency. She transitioned to crypto marketing after experimenting with various careers, including pageant coaching and product management.
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.
“I’ve never been on leave”: Busha co-founder Moyo Sodipo on seven years building a crypto company
Moyo Sodipo discusses the challenges of time management and the impact of his busy schedule on personal relationships. He reflects on the growth of Busha during the COVID-19 pandemic, highlighting increased interest in crypto as a financial alternative.
Fintechs lead Africa’s digital maturity, but insurers post strongest gains in 2025
African insurers recorded the continent’s fastest digital maturity progress over the past year. 54% of financial institutions now report advanced digital capabilities, up from 48% in 2024.
