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BD Insider: Why the Nigerian government closed down six digital loan firms

BD Insider, Letter 104 covers why the Nigerian government closed down digital loan firms, BasiGo launched electric buses in Nairobi and Google's $1 million fund for African women
5 minute read
BD Insider: Why the Nigerian government closed down six digital loan firms

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In this letter:

  • Nigerian government shuts down GoKash, OKash and four other digital loan firms for consumer protection breach
  • BasiGo launches electric buses in Nairobi, to cover 250km range
  • Google sets up $1 million fund for African women

Meanwhile, use Fincra to receive payments locally, make payouts and scale across multiple markets. Let’s dive in!

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Last updated: February 5, 2026

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