Bank78 MFB – Nigeria’s First Fully Private Digital Bank commences operation
Banking in Nigeria has taken a bold step forward with the introduction of Bank78 MFB, a digital-first institution positioning itself as the country’s first fully private digital bank. The arrival of Bank78 signals a shift toward a cleaner, calmer, more personalized approach to banking — one that blends privacy, trust, and modern convenience in a way many Nigerians have long hoped for.
Rather than replicate the typical fintech model driven purely by speed, Bank78 is building a new kind of experience: digital banking with a private-bank feel. Its services are designed for upward-moving entrepreneurs, professionals, young executives, and individuals who want efficiency without losing the reliability of regulated banking. The bank promises simple account opening, seamless transfers, transparent fees, and a service structure that removes the usual friction customers face with traditional banks.
One standout feature is its intelligent virtual assistant, built to respond instantly and escalate customer concerns without the delays common in most support centres. Combined with a clean, intuitive mobile app, the bank aims to help users stay in control of their finances without stress or confusion.
Even more importantly, Bank78 is fully licensed by the CBN, insured by NDIC, and compliant with national data protection standards. This positions it as a digital institution that prioritizes security as strongly as convenience.
With growing frustration over queues, downtime, hidden charges, and slow service across the industry, Bank78 arrives at a time when Nigerians are eager for a more refined way to bank. Its entry could reshape expectations and set a new benchmark for digital banking in the country.
Comments