Moniepoint

Nigerian Banks Offering Over 15 Percent Interest Rates on Fixed Savings Accounts

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Opay savings interest

In Nigeria’s banking sector, where traditional commercial banks often provide fixed savings interest rates between 3% and 7%, savers looking for higher returns have options among licensed fintech platforms. These institutions, regulated by the Central Bank of Nigeria (CBN) and covered by the Nigeria Deposit Insurance Corporation (NDIC), offer fixed savings products with rates starting … Read more

Moniepoint Becomes Africa’s Newest Unicorn with $110M Investment Boost Led by Google

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Moniepoint is now the eighth unicorn out of Africa after the latest Series C fund. Here are the highlights of the company’s success in the recent fundraising: Funding Round Success: Nigerian fintech Moniepoint has raised $110 million, with Google’s Africa Investment Fund and Verod Capital joining as new investors, alongside existing backers, Development Partners International … Read more