Ighodalo David EhizojieAdu Cecilia AdurayemiAbdulkafeel Safiyat Lami2026-03-262026-03-262026Ighodalo, D. E., Adu, C. A., & Abdulkafeel, S. L. (2026). Digital Transformation and Financial Services in Nigeria. African Scholars Multidisciplinary Journal. Vol. 12. Pg: 112-117.https://repository.crawforduniversity.edu.ng/handle/123456789/1397Digital transformation has profoundly reshaped financial services globally, and Nigeria stands as a key example of rapid digital adoption in Sub-Saharan Africa. This paper examined the evolution, drivers, challenges, and impacts of digital transformation in the Nigerian financial sector. It evaluated policy frameworks, technological innovations, financial inclusion outcomes, cybersecurity concerns, and future prospects, offering both theoretical and empirical insights. The findings suggested that digital financial services have accelerated inclusion, expanded market access, and enhanced operational efficiency, while also posing regulatory, infrastructure, and security challenges. It was recommended that strategic investments, robust regulation, and consumer education should be enhanced.enLearning Object