The Central Bank of Nigeria (CBN) has upgraded the regulatory status of several major FinTechs and microfinance banks, a decision that expands their scope of operations nationwide while subjecting them to stricter supervision requirements. Opay, Moniepoint Microfinance Bank, Kuda Bank, Palmpay, and Paga are among the institutions affected, according to a CBN official. These companies,…...
Trending
- Angola plans to raise USD 1.7 billion in international markets in 2026
- Morocco: Bank of Africa launches its “SME Invest by BOA” offer for SMEs
- Cameroon: Aracari’s Gold Brings Business Opportunities
- Hassan Allam secures $25 million from the EBRD to modernize its activities in Egypt
- Gabon/IMF: Risks of an informal approach to public debt
- Congo: Norwegian justice opens prosecution for corruption case linked to the oil sector
- Ivory Coast: Alassane Ouattara reshuffles his inner circle at the presidency
- Guinea: Prime Minister Amadou Oury Bah reappointed to his position
Nigeria: Central Bank expands licenses of major FinTechs nationwide
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com