• Says initiative will shape regulatory frameworks amid evolving digital financial ecosystem, others

•National Payment Stack records 26.55m transactions worth N1.4trn one year after launch by NIBBS

James Emejo in Abuja and Nume Ekeghe in Lagos

The Central Bank of Nigeria (CBN) yesterday announced it has opened the second cohort of its Regulatory Sandbox Programme, creating dedicated testing channels for virtual asset-related innovations and data-enabled financial services.

The apex bank move seeks to balance financial technology development with stability and consumer protection.