Kindly share this postNigerians lost N25.85 billion to digital payment fraud in 2025, according to Central Bank of Nigeria (CBN). Though the figure represents a significant decline from the N52.26 billion recorded in 2024, CBN, said the losses remained substantial for payment service providers (PSPs). According to the report, although the value of digital payment fraud declined significantly year-on-year, the losses remained substantial for Payment Service Providers (PSPs), underscoring the need for stronger fraud prevention measures across the industry. Advertisement“Digital payment fraud in Nigeria stood at N25.85 billion in 2025,” the apex bank said. The CBN warned that payment service providers remain vulnerable to ransomware attacks, data breaches and credential theft, noting that cybercriminals are becoming increasingly sophisticated in targeting financial institutions.