The Central Bank of Nigeria has warned banks, fintechs and other financial institutions about growing cybersecurity dangers linked to third-party technology risks, according to Tribune Online. The caution highlights concern over external digital services used by regulated firms and the need to manage vulnerabilities that could affect operations, data and customers within Nigeria's financial sector.

The Central Bank of Nigeria (CBN) has made terrorism financing supervision a current supervisory priority as part of efforts to protect the country's financial system from abuse by illicit actors. According to a statement signed by Hakama Sidi-Alli, Acting Director of Corporate Communications and Investor Relations, the heightened oversight will focus on strengthening monitoring within the financial sector. The move underscores the regulator's commitment to combating illicit financial flows in Nigeria.

Experts have shared differing views on the effects of new regulatory frameworks implemented by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) on the fintech sector in Nigeria. The introduction of these rules has led to a division within the industry regarding their potential impact.

A recent hack targeting Bitcoin has drawn attention to a key vulnerability in cryptocurrency systems, according to Moneyweb. The incident comes as the digital asset industry works to persuade banks and institutional investors that cryptocurrencies can be integrated into mainstream financial infrastructure. The breach raises questions about the security of digital assets at a time when the sector is seeking broader acceptance from traditional finance.

Stakeholders are advocating for the adoption of technology in Nigeria's banking audit sector to improve operational functions, anticipate risks, and enhance assurance in the era of artificial intelligence, according to Punch Business.

Moniepoint brought together fintech engineering leaders in Nigeria to discuss building for scale and the systems needed to support growth in digital finance. According to Legit.ng, the event examined resilient systems, payment failures, security and observability across Africa’s fintech sector, highlighting reliability as a central concern for engineers and technical teams.