Exploring the surge in fraud in Nigeria's burgeoning fintech industry
11,532 fraud cases reported in Q2 2024, up from 11,472 in Q1. Losses from fraud increased from ₦2.9 billion in Q1 to ₦56.3 billion in Q2 2024.
Breaking: Fidelity Bank restores transfers to OPay, Moniepoint, and Palmpay
Fidelity Bank has restored transfers to neobanks OPay, Palmpay, Kuda, and Moniepoint. The reinstatement came after pressure from the Nigeria Inter-Bank Settlement System (NIBSS).
