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Central Bank of Nigeria

Nigeria’s central bank opens regulatory sandbox for digital assets

Finance

James Field

17 August, 2026

Nigeria’s central bank opens regulatory sandbox for digital assets

Nigeria's CBN launches its Regulatory Sandbox Programme, supporting innovation in digital assets and financial services while ensuring consumer protection.

Nigeria mandates local data storage amid privacy crisis

Business

Ana Peligro

24 June, 2026

Nigeria mandates local data storage amid privacy crisis

Starting January 1, 2027, Nigeria will require banks and fintech companies to store payment transaction data locally, bolstering data protection...

Digital payments on the rise in Saudia Arabia and Nigeria

Finance

James Field

27 January, 2026

Digital payments on the rise in Saudia Arabia and Nigeria

Saudi Arabia and Nigeria witness digital payment growth, with Saudi consumers embracing cashless methods and Nigeria's transactions soaring 276%.

Nigeria forms task force to study stablecoin adoption

Finance

Steve Kaaru

30 October, 2025

Nigeria forms task force to study stablecoin adoption

The Finance Ministry and central bank partnered on the task force, which will explore the monetary and policy implications of...

Nigeria’s central bank to launch open banking in August

Finance

Steve Kaaru

14 May, 2025

Nigeria’s central bank to launch open banking in August

Four years since it first approved open banking, CBN will finally launch it in August, allowing fintechs to tap into...

Nigeria’s first local stablecoin launches

Finance

Steve Kaaru

7 February, 2025

Nigeria’s first local stablecoin launches

cNGN stablecoin was approved by the central bank in January and is now available on local exchanges for retail and...

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James Field

28 Aug 2026