Nigeria's Central Bank allows mobile money operators, including fintech firms, to resume customer onboarding.
Nigeria's Central Bank has announced that mobile money operators, including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint, will resume onboarding new customers in a few months. The update was given by CBN Governor Olayemi Cardoso at the 295th Monetary Policy Committee meeting in Abuja, where the interest rate was raised from 24.75% to 26.25%. The CBN has been working with these operators to strengthen their operations and implement measures to prevent money laundering and illicit financial flows.
May 21, 2024
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