The Central Bank of Nigeria is leading efforts to modernise electronic payments, aiming to enhance cybersecurity and ensure financial stability.
The Central Bank of Nigeria (CBN) is actively driving the modernisation of electronic payment systems. This initiative focuses on strengthening cybersecurity measures and promoting overall financial stability in the country. According to reports, these efforts are part of broader strategies to improve the digital payment infrastructure amid growing reliance on e-transactions. No specific timelines or detailed actions were outlined in available information, but the push underscores Nigeria's commitment to secure financial services.