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Nigerian Fintechs
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Moniepoint, OPay, PalmPay responded to 2024 ban with better data collection and compliance
TechCabal - Jan 31, 2025
Nigerian fintechs faced fines and a six-week ban on onboarding new users due to compliance issues. The Central Bank of Nigeria (CBN) retired 18 directors, leading to a shift in regulatory stance.
Nigerian Financial Intelligence Unit (NFIU)Central Bank of Nigeria (CBN)Nigerian FintechsMoniepointPalmPay
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