On the 2nd of February 2026, the Central Bank of Nigeria (“CBN”) released its report titled “Shaping the Future of Fintech in Nigeria: Innovation, Inclusion and Integrity,” offering a consolidated review of the evolution, structure and regulatory Direction of Nigeria’s fintech ecosystem. The report provides the CBN’s perspective on the growth trajectory of digital financial services, the role of fintech in advancing financial inclusion, and the regulatory considerations necessary to sustain innovation while safeguarding financial system stability and consumer protection.

In light of the significance of the report for financial institutions, fintech operators, and investors, our Firm is issuing this brief update to highlight the key themes, regulatory signals, and Potential implications for market participants. This  note provides a concise analysis of the report’s core observations and the areas where
stakeholders should anticipate closer supervisory focus, policy refinement and evolving compliance
expectations.