Moniepoint, Paga to block accounts of customers involved in crypto trading
Moniepoint and Paga notify customers of account blocks for facilitating crypto transactions CBN ordered some new banks, including Moniepoint, to stop onboarding new customers
UBA to raise fresh capital through sale of 10.8 billion ordinary shares
UBA plans to raise fresh capital by selling 10.8 billion new ordinary shares. The bank will prioritize existing investors in the planned share sale.
Nigerian fintechs rush to reassure users as misinformation spreads over regulatory clampdown
Nigerian fintechs such as OPay, PalmPay, and PiggyVest’s Pocket App each operate with a mobile money license. Paystack announced its partnership with Titan Trust Bank to offer virtual accounts and terminals allowing merchants to accept payments with bank transfers.
