US EditionInstant Payment Transactions Rise By 120% In 2yrs — CBN
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5 Articles
Instant Payment Transactions Rise By 120% In 2yrs — CBN
The Central Bank of Nigeria (CBN) has revealed significant growth in the NIBSS Instant Payments Platform (NIP), indicating a 120 per cent rise from N5 billion processed transactions in 2022 to N11 billion processed transactions in 2024. The Central Bank of Nigeria (CBN) made the revelation in its inaugural CBN Fintech Report: “Shaping the Future of Fintech in Nigeria” – Innovation, Inclusion and Integrity, which offers a comprehensive assessment…
Nigeria Processes Nearly 11 Billion Real-Time Payments As Digital Transactions Surge
The Central Bank of Nigeria (CBN) has disclosed that Nigeria processed nearly 11 billion real-time payment transactions in 2024. According to a fintech ecosystem report developed through stakeholder consultations and a nationwide survey, real-time payments have become a core pillar of Nigeria’s financial system. The volume processed in 2024 represents a sharp increase from about […] The post Nigeria Processes Nearly 11 Billion Real-Time Payments…
Nearly 11 billion transactions were processed via the NIBSS Instant Payments (NIP) platform in 2024, compared to about five billion in 2022, placing Nigeria among the world's leading real-time payment adopters in Africa, according to the first fintech report published on February 2, 2026 by the Central Bank of...
CBN Publishes Fintech Report: Shaping the Future of Fintech in Nigeria
ABUJA – The Central Bank of Nigeria has released a comprehensive assessment of Nigeria’s fintech landscape, outlining the priorities needed to sustain innovation, strengthen system integrity, and support the next phase of digital financial growth. The report examines the scale and maturity of Nigeria’s fintech ecosystem, highlighting the country’s leadership in real-time payments and the structural factors shaping recent growth. It positions fin…
Compliance Tax Killing Fintech Innovation, Says CBN Report
A staggering 87.5% of Nigerian fintech firms report that the rising cost of meeting regulatory and risk requirements is significantly hampering their ability to innovate, according to the latest CBN Fintech Report 2026. The report, titled “Shaping the Future of Fintech in Nigeria: Innovation, Inclusion, and Integrity,” reveals a growing compliance tax that threatens to derail the momentum of Africa’s largest tech ecosystem. According to the docu…
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