American news and business channel, CNBC, in its World’s Top Fintech Companies 2024 report has listed seven African companies as part of the 250 leading fintech companies in the world. The report, which was done in partnership with market research firm Statista highlighted relevant KPIs for over 2,000 eligible companies between March and May 2024. Companies were segmented into eight …

The Central Bank of Nigeria (CBN) has directed fintech companies to stop opening new accounts until further notice. The new directive will affect OPay, Palmpay, Kuda Bank and Moniepoint. This directive is coming few months after the CBN mandated all financial institutions to collect ID cards before creating financial accounts, which contradicts a 2013 Central Bank rule designed to support …