Nigeria’s digital payment fraud losses plunge 50% to N25.8 billion, but AI threats intensify

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Nigeria’s digital payment fraud losses plunge 50% to N25.8 billion, but AI threats intensify

AI Summary

Nigeria saw a dramatic 50% decline in digital payment fraud losses in 2025, dropping from N52.26 billion in 2024 to N25.85 billion. However, AI-driven fraud threats have intensified, posing growing risk challenges to the digital payments sector.

Nigeria's reported digital payment fraud losses declined by more than 50% to N25.85 billion in 2025 from N52.26 billion in 2024, but fraud attacks are becoming more targeted, sophisticated and costly. The post Nigeria’s digital payment fraud losses plunge 50% to N25.8 billion, but AI threats intensify appeared first on Nairametrics.

Security Markets AI & Tech Nigeria digital payment fraud fraud losses decline AI threats financial security

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