The Central Bank of Nigeria (CBN) has announced that mobile money operators, including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint, will resume the enrolment of new customers in a few months.
This update was provided by CBN Governor Olayemi Cardoso during the 295th Monetary Policy Committee (MPC) meeting of the apex bank in Abuja, when the MPC jacked up the interest rate from 24.75 per cent to 26. 25 per cent.
Governor Cardoso explained that the CBN has been engaging with these operators to enhance their operational frameworks.
The goal is to mitigate risks related to money laundering and illicit financial flows.
As part of these efforts, the CBN has introduced…
Source: Nigerian Tribune
