A New Era in Banking Begins as Bank78 MFB – Nigeria’s First Fully Private Digital Bank, Launches
Dubbed Nigeria’s first fully private digital bank, Bank78 MFB is...
On Thursday, November 27, 2025, far from the usual long windy queues of the banking halls to the slow banking servers, and the numerous cases of wrong transactions that have plagued the banking sector, a new and promising chapter in the banking landscape is unfolding. Bank78 MFB, officially announced its entrance into the banking sector in grand style. The exclusive launch event, which was held in Lagos, brought together top industry players, financial institutions, and regulatory bodies, including representatives from the Central Bank of Nigeria (CBN).
Dubbed Nigeria’s first fully private digital bank, Bank78 MFB is set to be Nigeria’s new prestigious digital bank, inspired by the private-banking culture and mindset, but deliberately designed for the mass-affluent everyday Nigerian. The bank offers a calm, secure, and premium digital experience, supported by transparent processes, dependable transactions, licensed by the Central Bank of Nigeria, insured by the NDIC, and fully NDPR-compliant.
For years, many Nigerians have had the same complaints about banking, long queues for simple issues, failed transfers that take days to trace, hidden charges, crowded apps that feel like puzzles, and customer service that often treats people as case numbers, not clients. If you earn well, run a business, or live abroad and still bank in Nigeria, you probably know the feeling — your life is moving forward, but your bank experience still feels stressful, unpredictable, and loud. Bank78 MFB is stepping into that gap with a clear promise, to provide premium banking experience that stays simple, secure, and centred on the customer.
Speaking at the launch event, EviOghene Osifo-Whiskey, Director at Bank78 MFB, explained that the company is on a mission to bridge the gap between fast fintechs and stable legacy banks, giving modern Nigerian achievers a secure, future-focused banking experience.
“There’s a gap between the speed of fintechs and the stability people expect from legacy banks. We are here to close that gap. B...
