…a hospital, where doctors confirmed the deaths. Police later recovered N7,550 in cash, a Moniepoint ATM card and a pair of slippers from the scene. Videos circulating online showed crowds gathered around the lifeless bodies at both locations.While no official motive has been confirmed, some eyewitnesses and residents s…

…the duo included one locally made pistol, one cartridge, five Tecno torchlight phones, a MoniePoint ATM card, an identity card, multiple SIM cards and charms. Both men remain in military custody as investigations continue.Zubairu called on residents across the state to keep sharing timely and reliable information with…

By Babajide Komolafe Moniepoint Microfinance Bank has launched a new savings campaign in partnership with Nollywood actress and filmmaker, Funke Akindele, to encourage Nigerians to build stronger financial resilience and stay “One Step Ahead” of unexpected financial challenges. The campaign, tagged “One Step Ahead”, co…

…ecosystem. The new policy could reshape competition among major players, including OPay, Moniepoint, PalmPay, Paystack, Flutterwave and traditional banks that have aggressively expanded their footprints across consumer and merchant payments. In a circular released on Monday, June 15, 2026, the apex bank announced that…

…about 60 rooms, caved in on Sunday night, July 26, 2026. Vivian, a baker, and Ifeanyi, a Moniepoint PoS machine distributor, popularly known as Don Cash, were both alumni of the Federal Polytechnic Oko. It was gathered that the young couple were working hard to build a better future together. It was gathered that Ifean…

…about 60 rooms, caved in on Sunday night, July 26, 2026. Vivian, a baker, and Ifeanyi, a Moniepoint PoS machine distributor, popularly known as Don Cash, were both alumni of the Federal Polytechnic Oko. It was gathered that the young couple were working hard to build a better future together. According to friends, Ifea…

Nigeria's broad money supply increased, showing that liquidity in the economy continued to grow despite the CBN's tight monetary policyThe increase was mainly driven by higher domestic assets, savings, and time deposits, while cash held outside the banking system declinedThe growth in money supply comes after the CBN r…

Digital lending apps in Nigeria face scrutiny over annual interest rates exceeding 300%, affecting vulnerable borrowersConsumers suffer from exploitative lending practices, trapped in cycles of recurring debt and hidden chargesCall for CBN to enforce interest rate caps and enhance consumer protections to safeguard low-…

Moniepoint Inc. has partnered the African Leadership University School of Business to launch an executive development programme aimed at strengthening its leadership pipeline and supporting Nigeria’s digital economy. The financial technology company said the 13-week executive education programme would equip its manager…

…largest banks race to build merchant infrastructure once dominated by fintechs such as Moniepoint, OPay, and PalmPay. After watching these fintechs turn their PoS networks into engines for payments and customer acquisition, lenders are now investing heavily in merchant businesses through their fintech subsidiaries to c…

…phase of life, money now stays in our platform. Margins get better." Compare that with Moniepoint, whose MFB licence was upgraded to a national licence in 2026. While the company processed ₦412 trillion ($297 billion) in payments in 2025, it said it also financed more than ₦1 trillion ($724.15 million) in business loan…

…advantages enjoyed by some fintech operators. Akintola noted that companies such as Moniepoint benefit from extremely low funding costs because customer balances are often transactional in nature. "Their cost of funds is effectively zero or close to it. The moment people receive large amounts of money, they move it to…

…assess creditworthiness. That model is now increasingly common among African fintechs. Moniepoint, for example, uses transaction data from merchants on its platform to underwrite business loans. In 2025, the company said it disbursed more than ?1 trillion ($721.2 million) in credit, relying on transaction histories to…