Trust & safety

Is “[app]” legit?

Before you deposit, check who regulates it. Here's what the three Nigerian credentials actually mean — and the apps whose cover we've verified. Licensing is shown as last verified on a date, never as a guarantee of safety.

CBN licensed
The Central Bank of Nigeria licenses banks and microfinance banks. A CBN licence (or a licensed banking partner) means the entity holding your money is supervised.
SEC registered
The Securities and Exchange Commission registers fund managers and investment products. SEC registration is the strongest cover for mutual funds and investments here.
NDIC insured
The Nigeria Deposit Insurance Corporation insures deposits at licensed banks up to a limit. It protects the cash in an insured wallet if the bank fails.
Licensed ≠ risk-free
Regulation reduces risk; it does not remove it. Rates can be cut, terms can change, and apps can fail. Always confirm current status in-app before depositing.
Verified cover

Apps with regulatory cover

As last verified. Tap through for the dated detail on each profile.
PI
Piggyvest
CBN via partnerSEC
Disclaimer

MoneyRadar shows licensing as last verified on a date and is not a regulator. This is information, not financial advice, and not a guarantee of any app's safety or solvency. Always confirm a provider's current regulatory status directly before depositing money.