The governor of the Central Bank of Nigeria, Olayemi Cardoso , said that the apex bank has not revoked the licenses of Moniepoint , Opay , and other fintech banks operating in Nigeria. Cardoso disclosed this in a communiqué from Tuesday's Monetary Policy Committee meeting in Abuja. He noted that CBN is not against fintechs.
Cardoso stressed the need for CBN to strengthen financial regulations to check against leakages. 'CBN is not against fintechs and has not revoked the license of any fintech organization. However, he stressed the need to strengthen regulation in the sector to check against leakages', he said. He added, 'It's our responsibility to ensure it remains sound, safe, and fit for purpose.' DAILY POST reports that CBN raised the interest rate to 26.25 per cent from 24.
CBN Moniepoint OPAY
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