CBN disburses N50bn loans via microfinance bank platform

Posted by - May 31, 2020

The Central Bank of Nigeria is disbursing the N50bn COVID-19 credit facility to households and Micro, Small and Medium Enterprises affected by the pandemic through the Integrated National Association of Microfinance Banks Unified IT Platform deployed by Inlaks for NIRSAL microfinance bank. Inlaks in a statement on Tuesday described the NIRSAL National MFB as an

OPay Gets CBN’s Approval for International Money Transfer Services

Posted by - November 19, 2019

OPay, a provider of payment, a ride-hailing company, food delivery and loan services firm, has been granted approval by the Central Bank of Nigeria (CBN) to commence international money transfer services in Nigeria. With the approval, OPay will start facilitating remittance business to business, business to person and person to person remittance services into Nigeria.

MTN secures CBN’s License for financial services

Posted by - July 30, 2019

Telecommunications operator, MTN, has secured full Super Agent Licence from the Central Bank of Nigeria (CBN) to offer financial services in the country. MTN said the licence received through its subsidiary, Yello Digital Financial Services Limited (YDFS) would enable it launch a large scale fintech strategy in the country. “The licence will enable MTN to