Nigeria, July 15 -- "Today's question is no longer whether we can raise capital, but whether we can protect, preserve, and grow that capital in the digital era."

Those words, delivered by the Director-General of the National Information Technology Development Agency (NITDA), Malam Kashifu Inuwa Abdullahi, at the Future of Banking Nigeria Summit in Lagos, may well define the next chapter of Nigeria's financial evolution.

For decades, banking reforms in Nigeria centred on familiar issues: recapitalisation, mergers, liquidity, asset quality, and corporate governance. Today, however, the conversation is changing. In an increasingly digital economy, the greatest threat to a bank's survival may no longer be found on its balance sheet but with...