EconomicNigeria·Unpinned16 Oct 2026
Fintech firm Onafriq to close Nigeria agent banking business
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South Africa-based fintech firm Onafriq announced it would wind down its Nigerian agent banking subsidiary, Baxi, which it acquired in 2021. The company cited macroeconomic pressures, specifically naira depreciation and high inflation, as factors that undermined the sustainability of the offline agent model and increased operating costs. Additionally, the…
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Premium Times Nigeria
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