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
- NAFA: Abidjan moves from reflection to action to capture the 4,000 billion African
- Afreximbank: $48.5 billion in assets, the rise of an African trade finance giant
- DRC: Rawbank announces the success of the country’s very first sovereign eurobond, raised at $1.25 billion
- Lebanon: Secretary General of the Francophonie condemns strikes and calls for the protection of civilians
- Tunisia: BNA Assurance reports a net profit of 5.5 million dollars for the year 2025
- Nigeria: Central Bank (CBN) tightens rules to curb mobile banking fraud
- Moody’s maintains OCP Group’s Baa3 rating, highlighting its financial strength
- Sub-Saharan Africa: World Bank lowers growth forecasts
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