Cross-border money movement has its own lane entirely.
IMTO licences govern remittances. foreign operators need $1M minimum capital.
Banks and fintechs cannot hold IMTO licences directly.
They can only operate as agents.
If your product touches diaspora remittances, this rule is already affecting you.
A fintech raised good money, launched fast, and was doing well.
Then CBN came knocking with compliance issues.
Heavy fines followed.
Operations disrupted.
Investors pulled back.
Many builders are still repeating this mistake in 2026.
New CBN rules are here.
Ignore them and you risk massive fines, shutdowns, or lost trust.
Here are the key ones every founder, engineer, and builder in Nigerian fintech must know.
Save & share.
Lesson 3: Use your network appropriately. I keep in touch via emails and follow up with their activities as well. This is one principle @SirJarus mentioned in his book, “HOW TO NETWORK LIKE A PRO”. He has shared some of these nuggets on Twitter as well.
Thomas Paine publishes an open letter in the Pennsylvania Evening Post, under the name “Republicus,” which advocates for the name “United States of America” for the new nation now emerging.
This is the first time such a term has been used.
#JuneClimateMeetings delivered real progress in key areas, like a just transition & electrification. In other key areas, there was stalling & side-stepping.
We must deliver on all existing commitments, without cherry-picking. To protect 8 billion people.
https://t.co/eojtUtXXq7
Comparing which apps have the best exchange rate when sending money from Nigeria to Canada.
LemFi is the lowest, followed by Pesa, then Africhange and the highest is Yolat.
This is what Governor Hon. @LuckyAiyedatiwa administration looks like after a year in office, some commitments have recorded measurable progress, while others are still awaiting action.
Track promises on https://t.co/D58iyDUzKB
#OSMD#OndoSiMaDara#OsmdMovement
It is infinitely more profitable to figure out what you are good at.
The reason it isn't sold to people, is there is no easy fix of just "put in more hours". You have to iterate over and over again trying hundreds of things
That requires real cognitive work, so they don't try