The Central Bank of Nigeria (CBN) has upgraded the operating licenses of several leading fintech companies and microfinance banks to national status, allowing them to operate fully across the country. The upgrade covers Moniepoint Microfinance Bank, Opay, Kuda Bank, Palmpay, and Paga, among others. These fintech firms have expanded rapidly through mobile platforms and extensive …
Moniepoint Microfinance Bank Chief Executive Officer (CEO) Babatunde Olofin has stated that Africa's finance future will not be determined by depending on foreign insight but on homegrown solutions, including a progressive policy environment, sound regulatory oversight and informed advocacy through the media. Olofin stated this at the 2025 annual conference of the Finance Correspondent Association …
