CBN

CBN fines Moniepoint and OPay ₦1 Billion each as Nigeria tightens fintech regulation

In a continuation of the Central Bank of Nigeria’s (CBN) increased scrutiny of fintech startups, two of the country’s most…

2 weeks ago

Banks and fintechs remain wary of Crypto despite new licences

On Friday, Nigeria’s Securities and Exchange Commission (SEC) issued the country’s first crypto licences to Busha and Quidax, two home-grown…

4 months ago

Nigerian fintech startups could spend over $1 million on KYC address verification

Following important changes to Know Your Customer processes by the Central Bank, fintech startups must now physically verify the addresses…

6 months ago

Exclusive: CBN directs four fintechs to stop onboarding new customers

Kuda Bank, Moniepoint, OPay and Palmpay have paused account opening for new customers following a directive from the Central Bank…

8 months ago