Nigerian fintech companies are primarily using artificial intelligence for fraud detection, customer service, and credit scoring, according to a new report by the Central Bank of Nigeria (CBN).
The findings are presented in the CBN Fintech Report 2025, which is based on surveys, workshops, and roundtable sessions conducted with fintech operators and regulators across the country.
The report shows that AI adoption in Nigeria’s fintech sector is no longer experimental, but focused on solving immediate operational and risk-related challenges.
Fraud detection is the most widespread use of AI among Nigerian fintechs. The report says 87.5% of surveyed companies deploy AI tools to identify and prevent fraudulent transactions.
