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CBN okays nationwide operations for Opay, Moniepoint, others

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CBN okays nationwide operations for Opay, Moniepoint, others

27 Jan, 2026

The Central Bank of Nigeria (CBN) has granted national operational approval to several financial technology companies and microfinance banks, allowing them to operate across all states in the country. The approval applies to major digital payment platforms such as Opay and Moniepoint, alongside other licensed fintech firms and microfinance banks that previously operated under state or regional licences. The development marks a notable shift in Nigeria’s financial services landscape, as the regulator broadens the reach of digital banking solutions nationwide..............................….......READ MORE