**PaySwift’s 400% Fee Markup: How a Nigerian Fintech Bets on Desperation** Fintech darling PaySwift didn’t just post record revenues last quarter—it achieved them by quietly hiking transaction fees on its “FlexiLoan” product to an effective annual rate of 148%. The Central Bank’s latest shadow audit, leaked yesterday, reveals that the average cost of a ₦10,000 short-term loan now carries a hidden ₦4,200 “processing charge,” buried on page seven...