Trust Fractures in Nigeria's ₦1.2 Quadrillion Payment Engine as Regulation Tightens the Screws

Nigeria's fintech ecosystem has built one of the world's busiest real-time payment networks, but trust is cracking under the weight of its own success — and new regulations are reshaping the competitive landscape overnight.

Evidence For

• Nigeria processed ₦1.2 quadrillion ($880.51 billion) in transactions in 2025, per CBN data, making it one of the planet's busiest real-time payment markets — yet a Bridgforte/UNDP report argues trust has become the system's primary...