In a continuation of the Central Bank of Nigeria’s (CBN) increased scrutiny of fintech startups, two of the country’s most prominent unicorns, Moniepoint and OPay, were fined ₦1 billion each in the second quarter of 2024, sources with direct knowledge of the matter told TechCabal. While several other fintech companies were also penalized, the two
The post CBN fines Moniepoint and OPay ₦1 Billion each as Nigeria tightens fintech regulation first appeared on Content Krush.
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