Paystack Becomes a Bank as It Acquires Ladder Microfinance Bank

Paystack, one of Africa’s most recognizable fintech companies, has officially crossed a major milestone by entering Nigeria’s regulated banking sector. The move marks a significant shift from its long-standing role as a payments infrastructure provider into a broader financial services institution. By acquiring Ladder Microfinance Bank, Paystack now operates a licensed banking entity known as Paystack Microfinance Bank, opening a new chapter in its growth story.

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Tinubu, Macron Speak as U.S. Officials Land in Nigeria Over Worsening Security Crisis

Nigeria’s security problems took center stage on the global stage on Sunday, as President Bola Tinubu held a crucial call with French President Emmanuel Macron. This was just hours before a powerful U.S. fact-finding team arrived in Abuja to probe rising violence and alleged religious persecution. The diplomatic traffic comes at a time when attacks in northern states, mass abductions, and school raids have pushed the country into one of its most tense security moments in years.

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