How Fintech Companies Can Avoid Heavy Fines: Lessons from the ₦1 Billion CBN Penalty on Moniepoint and OPay
In a landmark regulatory move, the Central Bank of Nigeria (CBN) has imposed ₦1 billion fines on two of Nigeria’s fintech giants, Moniepoint and OPay. While the details remain disputed, this incident underscores the heightened scrutiny facing Nigeria’s fintech ecosystem and offers critical lessons for businesses in the sector.