Nigeria Requires 1.9 Million PoS Agents to Register with CAC in Fight Against Fraud
PoS agents are everywhere because it's easy to get started, especially for small shop owners looking for extra income.
Binance Urges Release of Detained Executive in Nigeria, Denies Decision-Making Role
Gambaryan and Nadeem Anjarwalla, who works for Binance in Kenya, got caught up when they went to Nigeria to fix a problem with the Binance website.
CBN Halts New Account Sign-ups for Kuda, Moniepoint, and OPay
The government is cracking down on fraud.
OPay Approaches $3 Billion Valuation Amid Surge in Nigeria’s Digital Payments Adoption
The value of OPay has gone up by more than 30% since its Series C funding round in 2021, according to recent filings by Opera.
Wema Bank Cracks Down on Fraud: Suspends Seven Fintech Partners
Wema Bank is working hard to have good partnerships and follow the rules set by the Central Bank of Nigeria.
Cellulant Revamps Leadership Post-CEO Departure, Aims for Profitability
These hires are crucial for Cellulant's business across 13 African markets. The company aims to excel in checkout, payout, and banking solutions, focusing on sustainability and profitability.
Renew Capital Backs Local Digital Bank Affinity in Debut Ghana Investment
This marks Renew Capital's debut investment in Africa, coming hot on the heels of their latest tech fund launch, Renew Venture Lab Fund 2, in February 2024.
Kora Teams Up with Panache Ventures to Aid African Tech Founders in VC Funding Quest
This partnership was announced at an event in Lagos, Nigeria, organised by Panache Ventures and Kora.
Binance Executive Gambaryan Denies Money Laundering Charges, Faces Remand in Prison
These charges come amidst a broader regulatory crackdown targeting the cryptocurrency exchange within Nigeria.
Nigeria Set to Introduce Innovative Payment-Integrated National ID
It's all part of the NIMC Act passed in 2007, which mandates the commission to issue a General Multipurpose Card (GMPC) to citizens and legal residents.