NIGERIA — CBN Lifts Restriction On OPay, Moniepoint, Others Onboarding New Customer: The Central Bank of Nigeria (CBN) has lifted the restriction imposed on OPay, Moniepoint and other Fintech companies, thereby allowing them to resume onboarding new customers. Recall that on April 29, 2024, the CBN issued an order to fintech companies to cease accepting new clients. Days had passed since 1,146 accounts were barred... leadership.ng
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Mon May 19 2025 14:33:22 GMT+0000 (Coordinated Universal Time)
• Central Bank of Nigeria has further raised its interest rate to 27.25 percent from 26.75 percent
• CBN has given next-of-kins the authority to access funds in dormant accounts of their loved ones
• Central Bank of Nigeria has increased the benchmark lending rate to 26.75 per cent
• United States DoJ has filed a lawsuit against Visa, accusing the company of debit card monopoly
• Does Amazon Pay allow direct transfers to Nigerian bank accounts? - International Online Payments Q and A
• OPay, Moniepoint, and others to begin deduction of N50 Electronic Money Transfer Levy (EMTL)
CBN has lifted the restriction imposed on OPay, Moniepoint and other Fintech companies
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Published (Updated) on Tuesday, June 4, 2024
• Central Bank of Nigeria has further raised its interest rate to 27.25 percent from 26.75 percent
• CBN has given next-of-kins the authority to access funds in dormant accounts of their loved ones
• Central Bank of Nigeria has increased the benchmark lending rate to 26.75 per cent
• United States DoJ has filed a lawsuit against Visa, accusing the company of debit card monopoly
• Does Amazon Pay allow direct transfers to Nigerian bank accounts? - International Online Payments Q and A
• OPay, Moniepoint, and others to begin deduction of N50 Electronic Money Transfer Levy (EMTL)
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