As digital payments grow in Nigeria and the country makes progress in its financial inclusion drive, fraud incidents have also reached worrying levels. In the past...
One month after a ban on onboarding new customers, fintechs are still at the negotiating table with regulators. Five Nigerian neobanks—Moniepoint, OPay, Palmpay, Kuda, and Paga—remain...
Three weeks after Nigeria’s Securities and Exchange Commission (SEC) met blockchain industry players and asked that they stop peer-to-peer trading, the global crypto exchange Kucoin has...
Digital lending is notorious for teaching expensive lessons. While every lender will talk up their proprietary algorithms and foolproof loan decision systems, many loan books will...
Alerzo, the B2B e-commerce company backed by Nosara Capital and FJ Labs, laid off at least 70 employees in early February despite raising funds twice in...
At least three Nigerian fintech startups—Moniepoint, Paga and Palmpay—will block the accounts of customers dealing in cryptocurrency and report those transactions to law enforcement after Nigeria’s...
A Federal High Court order will allow Nigeria’s Economic and Financial Crimes Commission to block 1,146 accounts connected with an ongoing investigation into “offences of dealing...