…series that unpacks the earnings, business, and scaling strategies of African fintechs, financial institutions, companies, and governments. A new edition drops every Monday. Fintechs built their reputation by making payments faster and replacing many physical banking functions with smartphones. Now, they are becoming b…

…Bureau De Change Limited Abbal Bako & Sons Bureau De Change Limited The CBN directed financial institutions to "identify and immediately freeze, without prior notice, all funds, assets, and other economic resources belonging to, owned, held, or controlled, directly or indirectly, by the designated persons and entities.…

Africa’s economic future is increasingly being shaped by ambitious entrepreneurs, expanding financial institutions and corporate champions pushing beyond their home

…submit audited financial statements and abridged accounts to the Director of the Other Financial Institutions Supervision Department (OFISD) for approval within four months after the end of their financial year. The circular further mandates MFBs to display abridged audited accounts at their head offices and branches,…

…multiple companies, investment funds, trusts, or offshore vehicles. For traditional financial institutions, this may be relatively straightforward. For high-growth fintech companies, however, the exercise could be considerably more complicated. Over the past decade, Nigeria's leading fintech firms have raised billions…

...Calls for shift from 'Rule of Law' to 'Rule of Justice' in global finance Chima Anyaso, Nigerian entrepreneur,

…several questionable financial transactions, including loan arrangements involving financial institutions and local government councils, as well as repayments that allegedly exceeded the original loan amounts without adequate documentation. The commission also reported irregular transfers of public funds to certain fin…

…Forum, which brought together manufacturers, distributors, retailers, investors, financial institutions, policymakers and development partners to discuss the future of commerce, capital, data and inclusive growth in Nigeria. "As we celebrate seven years of building technology infrastructure for commerce, we are proud t…

…The panel also identified questionable loan dealings involving some local councils and financial institutions, including cases where repayments allegedly exceeded the original loan values without adequate supporting records. According to the commission chairman, investigators further traced irregular transfers of publi…