- The CBN has provided a new update on its recent ban on fintech apps, such as Opay, from opening new customer accounts
- The apex bank is determined to ensure a sound financial system and has expressed concerns about the customer enrollment process of the banks
- There are concerns by the CBN that fintech apps have been used for illicit financial transactions, especially via cryptocurrency
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Central Bank of Nigeria (CBN) has announced that it will soon reverse its decision and allow mobile money operators, including fintech firms OPay, Palmpay, Kuda Bank, and Moniepoint, to resume enrolling new customers within the next few months.
