…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 any licensed fi…

KudiWave seeks clarification over 'N750m transfer from PalmPay account' KudiWave Technologies Limited has challenged a ₦750.37 million debit from its account with Palmpay Limited, raising questions over the destination of the funds and the court order relied on for the transaction. Read their press statement below...Ku…

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-…

…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 capture a larger share…

…firms in Nigeria, including privately held operators such as OPay, Moniepoint, Kuda and PalmPay, do not publish comprehensive annual financial statements for public consumption, although some periodically disclose key operational and financial milestones.