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The Central Bank of Nigeria, which imposed a fine on Paystack for a licensing breach.
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Paystack confirms the termination of cofounder Ezra Olubi’s employment
Bendada.com - Nov 24, 2025
Paystack confirmed the termination of co-founder Ezra Olubi effective November 22, 2025. The termination was based on significant negative reputational damage from Olubi's public tweets.
PaystackCBNZap AfricaY CombinatorEzra Olubi
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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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