CBN Grants Opay, Moniepoint and PalmPay National Operating Status
The Central Bank of Nigeria (CBN) has approved the upgrade of Opay, Moniepoint, and PalmPay to national operational status, clearing ...
Tag: FinTech regulation Nigeria
FG Directs Banks, Fintechs to Charge 7.5% VAT on Electronic, USSD Banking Services
The Federal Government has directed all banks and financial technology companies to begin collecting and remitting a 7.5 per cent ...
Moniepoint, Kuda Face Mounting Pressure Over EMAAR Ponzi Refund Demands
Moniepoint Microfinance Bank and Kuda Bank are under mounting pressure from thousands of Nigerians seeking refunds after losing money to ...
CAC Threatens to Place Opay, Moniepoint on Watchlist Over Unregistered POS Agents
The Corporate Affairs Commission (CAC) has issued a stern warning to leading fintech companies in Nigeria; including Opay and Moniepoint ...
Senate Moves to Place Major Fintechs Under CBN Oversight With BOFIA Amendment
The Senate on Thursday opened debate on a bill seeking to amend the Banks and Other Financial Institutions Act (BOFIA) ...
CBN Governor Cardoso Unveils 2026 Strategy: Stronger Banks, Tougher Supervision, Modern Payments, End to Deficit Financing
The Central Bank of Nigeria (CBN) is setting a new strategic direction for 2026, with Governor Olayemi Cardoso announcing a ...
FG Crackdown on 28 Million Fraudulent Accounts Raises Fresh Questions About Fintech Trust
The Federal Government of Nigeria’s aggressive clampdown on online fraud which was recently executed in partnership with global tech giants ...
SEC To Prioritize ISA Reforms, Fintech-Driven Oversight At 2025 Compliance Summit
The Securities and Exchange Commission (SEC) has vowed to prioritse Investments and Securities Act (ISA) and the integration of technology-led ...
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