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Onafriq Tried Selling Baxi First

Onafriq attempted sale of Nigerian agent banking unit before shutdown

Unverified — auto-generated summary, not yet reviewedFintech & PaymentsOct 20, 2026

New reporting indicates that Onafriq attempted to sell its Nigerian agent banking business before ultimately shutting it down, adding context to the closure of the Baxi platform first reported on 17 October. The disclosure is assessed as reinforcing the cautionary signal for agent banking models across West Africa, including Ghana, where Onafriq also operates.

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