Nigerian Fintech's Global Ambitions Clash with Regulatory Tightening: Moove's Unicorn, PalmPay's IPO, and Crypto Tax Crackdown

Nigeria's fintech ecosystem is hitting global inflection points, but the same regulatory state that nurtured it is now tightening the screws.

Evidence For

• Moove’s $250M unicorn round: The Nigerian-founded mobility-tech company just closed a $250 million Series C, valuing it at $2.1 billion and making it Africa’s latest unicorn. The round was led by Mubadala and co-led by Toyota’s Growth Fund, signaling that global capital is betting big on...