How strategic PR can supercharge revenue for African startups
Venture capital is drying up and inflation is surging, impacting African startups. Startups are slashing marketing budgets and doubling down on sales to survive.
CBN fines Moniepoint and OPay ₦1 Billion each as Nigeria tightens fintech regulation
CBN fines Moniepoint and OPay ₦1 billion each in Q2 2024. Routine CBN audit reveals compliance issues in fintech sector.
Nigerian fintechs ramp up compliance hiring months after customer onboarding ban
Kuda Bank, Moniepoint, OPay, and Palmpay expand compliance teams after central bank's April ban. Moniepoint hired five new transaction monitoring team members, including former OPay and Flutterwave employees.
CBN vs fintechs: What's really going on
The Central Bank of Nigeria (CBN) directed Moniepoint, OPay, Kuda Bank, and Palmpay to restrict new account openings. The Corporate Affairs Commission issued a directive mandating all Point of Sale (PoS) agents to register their businesses by July 7 or risk shut down.
Nigerian Fintech Companies Face Account Opening Restrictions Amid Fraud Crackdown
The Central Bank of Nigeria (CBN) has directed fintech firms like Moniepoint, OPay, Kuda Bank, and Palmpay to restrict new account openings. 1,146 bank accounts linked to unauthorized forex transactions have been frozen.
