Nigeria’s payment system attracted $500m investment in five years – CBN - Punch Newspapers

The Central Bank of Nigeria has said the country’s payment system attracted about $500m worth of investments between 2015 and 2020.

“The high level of confidence in our payment system, between 2015 and 2020, has attracted the investment of about $500m in firms run by Nigerian founders,” he said. The financial industry, like other sectors, was impacted by the disruptions occasioned by the COVID-19 pandemic which led to an accelerated shift towards digital services, he said.He called for an increased scrutiny by regulators to monitor developments and ensure the continuous safety and soundness of the sector.

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