The Future of Banking in Nigeria

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. 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, URL: https://www.ijtsrd.com/papers/ijtsrd97465.pdf Paper URL: https://www.ijtsrd.com/other-scientific-research-area/other/97465/the-future-of-banking-in-nigeria/paul-a-adekunte