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The Central Bank of Nigeria, which imposed a fine on Paystack for a licensing breach.
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Yesa Announces the Launch of Its Real-Time Payments and Crypto Trading Platform in Nigeria
Techpoint Africa - Dec 11, 2025
Unreliable transactions plague the fintech industry in West Africa, causing delays and failures in payments. Yesa has been launched nationwide in Nigeria to provide a reliable crypto trading and payment platform.
Sigmatx Hub SystemsCBNYesaNairaBlack Sahara
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Banks and fintechs remain wary of Crypto despite new licences
TechCabal - Sep 03, 2024
Nigeria's SEC has issued crypto licenses to Busha and Quidax. Banks and fintechs are still hesitant to engage in crypto-related activities.
CBNQuidaxBushaNigeriaSEC
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Profitable Paga doubles down on mobile app
TechCabal - May 13, 2024
Paga has processed over ₦14 trillion ($32 billion) worth of transactions since inception. The company grew gross profits north of 200% year-on-year.
PagaPoSCBNOpayNigeria
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Moniepoint, Paga to block accounts of customers involved in crypto trading
Techpoint Africa - May 02, 2024
Moniepoint and Paga notify customers of account blocks for facilitating crypto transactions CBN ordered some new banks, including Moniepoint, to stop onboarding new customers
PagaCBNCentral Bank of NigeriaNigeriaMoniepoint
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UBA to raise fresh capital through sale of 10.8 billion ordinary shares
TechCabal - Apr 16, 2024
UBA plans to raise fresh capital by selling 10.8 billion new ordinary shares. The bank will prioritize existing investors in the planned share sale.
Nigerian banking sectorCBNAccessFirst BankUnited Bank for Africa
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