The Future of Banking in Nigeria

Matthew N. O. Sadiku; Janet O. Sadiku; Paul A. Adekunte

Title:
The Future of Banking in Nigeria

Authors:
Paul A. Adekunte | Matthew N. O. Sadiku | Janet O. Sadiku

Cite This Article :

Paul A. Adekunte | Matthew N. O. Sadiku | Janet O. Sadiku "The Future of Banking in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-9 | Issue-5, October 2025, pp.192-198, URL: https://www.ijtsrd.com/papers/ijtsrd97465.pdf

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Abstract :
The future of banking in Nigeria is poised for significant transformation which is pointing towards a decentralized, AI-enhanced, and highly inclusive system that leverages technology, evolving market demands, regulatory reforms, and policy to reshape the way Nigerians interact with financial services. Some key developments include the rise of mobile-first banking, the emergence of fintech-powered super-apps, and the growing adoption of artificial intelligence, cloud computing, and cybersecurity solutions. Regulatory reforms, such as the introduction of open banking guidelines and domestic payment systems like AfriGo and the eNaira, signal a shift toward a more inclusive, data-driven financial ecosystem. In the paper, we look at the prospects, challenges, and the benefits of the future of banking in Nigeria.

Keywords :
Banking in Nigeria, artificial intelligence (AI), regulatory reforms, cloud computing, cybersecurity solutions, Fintech-powered super-apps, mobile-first banking, blockchain.

Publication Details:

Unique Identification Number : IJTSRD97465

Published In : Volume-9 | Issue-5, October 2025

Page Number(s) : 192-198

Publisher Name : IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470

Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

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