CBN directs Nigerian banks and fintechs to submit cybersecurity reports

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Finance Technology Cybersecurity

Reported Facts

Observable data points shared across all narratives

•The Central Bank of Nigeria issued the order on April 1, 2026.
•Banks and fintech companies in Nigeria are required to comply within three weeks.
•The reports must detail cybersecurity measures and incidents.
•The directive applies to all licensed financial institutions and fintech operators in Nigeria.

What Could Happen If...

▸If banks and fintechs submit comprehensive cybersecurity reports on time the CBN can better assess risks and enforce stronger cybersecurity policies, benefiting Nigerian consumers and financial stability.

Key Actors

Countries

🌍Nigeria

Organizations

🏛Central Bank of Nigeria

Source Coverage

AFRICA

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AFRICAVanguard (Nigeria)CBN orders banks, fintechs to submit Cybersecurity report in 3 weeks

The Central Bank of Nigeria (CBN) has instructed all banks and fintech companies operating in Nigeria to submit detailed cybersecurity reports within three weeks. This directive aims to enhance the oversight of digital financial security and protect consumers from cyber threats. The move affects financial institutions and fintech firms, potentially leading to improved cybersecurity standards in Nigeria's financial sector.