This study examined the effects of digital finance on the stability of Nigeria financial markets. The objective was to examined  how digital finance affects stability of Nigeria financial markets. Time series data were sourced from Central Bank of Nigeria Statistical Bulletin. Percentage of broad money supply and percentage of private sector credit was used as dependent variables while automated teller machine, point of sales, mobile payment and electronic fund transfer.  Ordinary least square was used as data analysis methods. the study found that 46.5  percent variation in the dependent variable was explained by the independent variable, the model was found to be statistically  significant while the Durbin Watson found that the absence  of serial autocorrelation among the variables in the time series.  Beta coefficient of the variables shows that  ATM has negative effect on the dependent variable while POS, MP and EFT have positive and significant effect on financial sector stability. 50 percent variation in the dependent variable was explained by the independent variable, the model was found to be statistically  significant while the Durbin Watson found that the presence of serial autocorrelation among the variables in the time series.  Beta coefficient of the variables shows that   ATM has negative effect on the dependent variable while POS, MP and EFT have positive and significant effect on financial sector stability. From the findings, the stud conclude that digital fiancé have significant effect on financial market stability. It recommends that policies such as the cashless policy and the e-naira should be integrated with the objective of achieving financial markets stability in Nigeria.