Tag: Fintech

CBN denies rumors on suspension of OPAY, PALMPAY
Banking

CBN denies rumors on suspension of OPAY, PALMPAY

The rumors that the Central Bank of Nigeria has suspended accounts of Fintech businesses like OPAY and PALMPAY have been labeled as false by the bank. The viral rumor is “just fake,” CBN’s Acting Director of Corporate Communications, Isa AbdulMumin, told the News Agency of Nigeria in Abuja on Friday. According to the widely circulated […]

TLG Capital, OnePipe sign N2.25bn agreement to finance Nigerian SMEs
Business

TLG Capital, OnePipe sign N2.25bn agreement to finance Nigerian SMEs

TLG Capital, a pan-African alternative investment firm today declared that it has teamed up with OnePipe to offer financial services to Nigeria’s unorganized sector. The firm is giving N2.25 billion Naira in a collateralized loan facility to OnePipe, a Nigerian financial infrastructure company that uses its technological platforms to enable conventional businesses to incorporate financial […]

Fintech firm hits $200n, 2,548% transactions in two years
Tech

Fintech firm hits $200n, 2,548% transactions in two years

Vfinancial technology firm, VPD Money, has worked with partners in the sector to handle a cumulated volume of over $200 million worth of transactions with volume climbing to over 2,548 per cent for its customers since inception of operations two years ago. The Guardian reports that the neo-bank with aspirations for Nigerian companies, particularly small and […]

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