CBN unveils new fintech policy blueprint with partnership focus
Central Bank of Nigeria (CBN) released Fintech Policy Insight Report outlining next phase growth strategy. Report based on executive survey, June 2025 workshop, October 2025 roundtable. Key proposals include Standing Fintech Engagement Forum (quarterly policy co-creation), Single Regulatory Window for licensing coordination, and Compliance-as-a-Service (CaaS) utility for shared reporting. Phased timeline: engagement forum/open banking roadmap in 3 months, sandbox expansion/AI/cross-border payments in 9 months, Fintech Advisory Council in 18 months. Report acknowledges implementation risks and proposes CBN Fintech Reform Delivery Secretariat to prevent stalling. CBN has track record of successful market-shaping policies like cashless initiative and Bank Verification Number.