Nigeria Welcomes Bank78 MFB, Its First Fully Private Digital Bank
Nigeria’s banking sector is poised for disruption as Bank78 MFB officially launched on Thursday, November 27, 2025, promising a seamless and efficient digital experience. The launch event, held in Lagos, drew key figures from the financial industry, regulatory bodies, and even representatives from the Central Bank of Nigeria (CBN), signaling the significance of this new entrant. Bank78 aims to address common pain points in Nigerian banking, such as long queues, slow servers, and transaction errors.
A New Era of Digital Banking for the Mass-Affluent
Bank78 MFB distinguishes itself as Nigeria’s first fully private digital bank, uniquely designed to cater to the mass-affluent population while embodying the principles of private banking. The bank emphasizes a calm, secure, and premium digital experience built on transparency and reliable transactions. Operating with a license from the Central Bank of Nigeria (CBN) and insured by the NDIC, Bank78 also ensures data protection compliance with the NDPR, further solidifying its commitment to trust and security.
Bank78 MFB’s arrival marks a significant step forward in Nigeria’s fintech landscape. By focusing on a digitally-driven, premium banking experience for the everyday Nigerian, it has the potential to reshape customer expectations and drive innovation across the sector.
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