A mid-tier Nigerian bank involved in financing and credit services for Onafriq.
Onafriq tried to sell its Nigerian agent banking business before shutdown
Onafriq announced the shutdown of its Nigerian agent banking business, Baxi, on October 16, 2026. The company cited inflation, naira depreciation, and rising operating costs as reasons for the closure.
Moniepoint taps Stanbic IBTC CFO for its microfinance bank after $110 million raise
Moniepoint raised $110 million at a billion-dollar valuation. Bayo Olujobi appointed as CFO of Moniepoint MFB.
