By Onu Okorie

The Central Bank of Nigeria has announced plans to officially launch two major economic policy initiatives aimed at strengthening Nigeria’s financial system and improving the country’s foreign exchange operations.

In a notice published Tuesday on its official X handle, the apex bank disclosed that it would unveil the Nigeria Payments System Vision 2028 (PSV 2028) alongside the 4th Edition of the CBN Foreign Exchange Manual during a public event scheduled for Friday, May 15, 2026.

According to the bank, the launch ceremony will commence at 9:00 a.m. and will be streamed live on its official YouTube and Facebook platforms to enable wider participation from stakeholders across the financial sector and the public.

The Nigeria Payments System Vision 2028 is expected to outline the country’s strategic direction for digital payments, financial technology innovation, electronic transactions and payment infrastructure development over the next few years.

Analysts say the initiative could further accelerate Nigeria’s transition toward a more cashless and technology-driven economy.

Industry observers also believe the framework may address emerging issues in the payments ecosystem, including cybersecurity, interoperability among payment platforms, financial inclusion and cross-border payment efficiency.

The second initiative, the CBN Foreign Exchange Manual (4th Edition), is expected to provide updated operational guidelines for participants in Nigeria’s foreign exchange market.

The revised manual is likely to reflect recent policy adjustments introduced by the apex bank as part of broader reforms targeted at improving transparency, liquidity and stability in the foreign exchange market.

The planned unveiling comes at a time Nigeria’s financial authorities are intensifying efforts to modernise the banking system, attract investment and improve confidence in the country’s monetary and foreign exchange frameworks.

The CBN encouraged members of the public, financial institutions, fintech operators and other stakeholders to follow the launch event through its verified digital channels.