The 2024 report highlights the company’s impressive strides in expanding its global footprint.
According to the report, at least four other fintech companies were also fined, but the details of the fines were not disclosed.
The N50 levy will take effect from September 9, 2024.
CAC has stated that it treats at least 15,000 applications daily, including on weekends, for its fintech regularisation programme.
“That’s everything I have in my whole life. What will I eat?’’
“Hello! We’ve temporarily paused new sign-ups on our platform,” Moniepoint wrote in a message on its platform for intending customers on Friday.
“Today, Nigeria has five of the seven unicorns in Africa and raised almost $1.4 billion of the total of $4 billion raised by fintech companies across Africa in 2021.”
The FCCPC says it has ordered Fintechs to stop providing payment or transaction services to digital money lenders under its investigation.
