The industry gathering, centered on the theme “Fintech: Driving the Future of Digital Financial Ecosystem in Nigeria,” convened top regulatory executives, policymakers, and corporate leaders.
The event featured high-level support from major regulatory and financial institutions, including the Central Bank of Nigeria (CBN), the Nigerian Communications Commission (NCC), the National Insurance Commission (NAICOM), and Stanbic IBTC.
Presenting empirical data from the Nigeria Inter-Bank Settlement System (NIP Data), stakeholders highlighted how Nigeria has engineered one of the world's fastest-scaling digital payment rails:
₦1.07 Quadrillion Total Instant Payment Value: In 2024, total instant payment transaction values reached ₦1.07 quadrillion, reflecting a 73.1% surge compared to the ₦600.36 trillion recorded in 2023.
₦384 Trillion in July 2025 Alone: Single-month processing reached ₦384 trillion, establishing a 12-month trajectory that pushed multi-quadrillion transaction volumes into standard baseline operations.
₦18.78 Trillion PoS Volume (Q1 2026): Point of Sale (PoS) transaction volumes reached ₦18.78 trillion during the first quarter of 2026, a 71.8% year-on-year increase.
Underscoring the need for long-term stability, systemic risk management, and consumer trust, speakers across panels agreed that "the future belongs to ecosystems that innovate responsibly."
Dr. Almona noted that Nigeria’s Fintech unicorns and tech entrepreneurs continue to strengthen the nation's position as Africa's primary digital finance engine. Where legacy banking infrastructure previously faced distribution hurdles in last-mile service delivery, agile Fintech operators stepped in to build resilient, underlying rails that power daily commerce.
By expanding agent banking networks, optimizing real-time payment rails, and integrating millions of previously unbanked citizens, Nigeria's fintech ecosystem continues to demonstrate robust momentum.
The 2026 edition of the Business Journal Roundtable provided a platform for regulatory bodies and private sector leaders to align on balanced compliance frameworks necessary to sustain financial inclusion and bolster Nigeria's broader digital economy.
Presenting empirical data from the Nigeria Inter-Bank Settlement System (NIP Data), stakeholders highlighted how Nigeria has engineered one of the world's fastest-scaling digital payment rails:
₦1.07 Quadrillion Total Instant Payment Value: In 2024, total instant payment transaction values reached ₦1.07 quadrillion, reflecting a 73.1% surge compared to the ₦600.36 trillion recorded in 2023.
₦384 Trillion in July 2025 Alone: Single-month processing reached ₦384 trillion, establishing a 12-month trajectory that pushed multi-quadrillion transaction volumes into standard baseline operations.
₦18.78 Trillion PoS Volume (Q1 2026): Point of Sale (PoS) transaction volumes reached ₦18.78 trillion during the first quarter of 2026, a 71.8% year-on-year increase.
Underscoring the need for long-term stability, systemic risk management, and consumer trust, speakers across panels agreed that "the future belongs to ecosystems that innovate responsibly."
Dr. Almona noted that Nigeria’s Fintech unicorns and tech entrepreneurs continue to strengthen the nation's position as Africa's primary digital finance engine. Where legacy banking infrastructure previously faced distribution hurdles in last-mile service delivery, agile Fintech operators stepped in to build resilient, underlying rails that power daily commerce.
By expanding agent banking networks, optimizing real-time payment rails, and integrating millions of previously unbanked citizens, Nigeria's fintech ecosystem continues to demonstrate robust momentum.
The 2026 edition of the Business Journal Roundtable provided a platform for regulatory bodies and private sector leaders to align on balanced compliance frameworks necessary to sustain financial inclusion and bolster Nigeria's broader digital economy.
By Remmy Nweke/DOP
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