Nigeria’s payment system attracted $500m investment in 5 years —CBN

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THE Central Bank of Nigeria (CBN) has disclosed that the country’s payment system had attracted the investment of about $500 million in firms run by Nigerian founders between 2015 and 2020. 

The CBN governor, Mr. Godwin Emefiele, who revealed this on Wednesday, also urged financial institutions to leverage new knowledge and technology tools to enhance the efficiency and effectiveness of the Nigerian payment system. 

Emefiele, who gave the advice at the 31st seminar for Finance Correspondents and Business Editors with the theme “Trends in Nigerian Payments System: Regulating the Fintech Digital playing Field”, which held on Wednesday in Enugu, noted that the robust payment system…



Source: Nigerian Tribune