Experts see Trump’s tariff triggering domino effect on Nigerian startups
Venture capital funding in Africa dropped to one of its lowest levels since late 2020, with only $50 million announced in March 2025. The US trade tariff pause could lead to unstable exchange rates and inflation, prompting investors to adopt a 'wait and see' approach.
PalmPay Leads the Charge in Bringing Contactless Payments to Nigeria
PalmPay is launching tap-to-pay functionality in collaboration with CashAfrica to enhance digital payments in Nigeria. The pilot phase will begin with 1,000 POS terminals, with a nationwide rollout planned for March.
Breaking: CBN gives fintechs go-ahead to begin onboarding new customers after weeks of pause
The Central Bank of Nigeria has lifted a six-week ban on onboarding new customers imposed on five of the country’s most prominent fintech startups: Paga, OPay, Kuda, Palmpay, and Moniepoint. The ban was initially imposed due to concerns about peer-to-peer crypto trading and the need for improved Kno
Exclusive: One month after ban on onboarding new customers, fintechs and regulators talks continue
Five Nigerian neobanks, including Moniepoint, OPay, Palmpay, Kuda, and Paga, are still unable to onboard new customers one month after a ban was imposed. The neobanks have been in talks with regulators, including the National Security Adviser, the Economic and Financial Crimes Commission, and the Ce
