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CBN Fines Moniepoint and OPay ₦1 Billion Each Amid Increased Scrutiny of Fintech Sector

As part of its ongoing scrutiny of fintech startups, the Central Bank of Nigeria (CBN) fined two of the country’s leading unicorns, Moniepoint...

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FG imposes 50 naira levy on transactions above N10,000 on Opay, Moniepoint, others

The federal government has imposed a deduction of N50 Electronic Money Transfer Levy (EMTL) from every inflow of N10,000 and above received by...