The Central Bank of Nigeria said it will continue to roll out more policies to tackle cybersecurity challenges in Nigeria's financial sector. The Deputy Governor, Financial Systems Stability at CBN, Mr Philip Ikeazor, disclosed this during a two-day Financial Institutions Training Centre Fintech Conference held in Lagos.
Ikeazor said the apex bank, in addition to existing measures, is working on new regulations to further enhance performance and compliance. He said the new regulations would focus on two key areas; corporate governance and licensing requirements. “The new regulation is crucial to mitigate the risks of the digital era,” he said. “Every organisation should conduct its business processes in compliance with the law and the various regulations.