The CBN comes After Moniepoint, Opay, Kuda, Others

The Central Bank of Nigeria, CBN Bans Moniepoint, Opay, Kuda, Others From Taking New Customers Over Cryptocurrency. The ban is over allegations that they were being used to funnel cryptocurrency and manipulate the naira’s value. The Central Bank of Nigeria has barred some microfinance banks, including Moniepoint, Opay and Kuda, from opening new accounts and accepting

OPay to shut all Nigerian operations excluding payments

Opera’s African fintech startup, OPay will shut down all other businesses in Nigeria excluding its payment operations, a source familiar with the matter told Jkcyno news.  According to the source, OPay’s investors sent a memo in the early hours of Tuesday to the Nigerian team directing all other verticals but payments to shut down operations and