Skip to content
The Lagos

Naira Depreciation: Onafriq exits Nigeria’s agent banking

Naira Depreciation: Onafriq exits Nigeria’s agent banking
Photo: Vanguard · view original

By Juliet Umeh Pan-African technology company, Onafriq, has announced plans to wind down its agent banking business in Nigeria, operated under the Baxi brand by Onafriq Nigeria Payments Limited, citing inflation, naira depreciation and intensifying competition. The company said the economic press...

Sources and story details