10 results
- 15 Nov 2021
CBN Grants Airtel Approval-in-Principle to Operate Super Agent
Central Bank of Nigeria (CBN) has granted Airtel Nigeria the approval in principle to operate super-agent network in Nigeria. Airtel Africa, the parent company of Airtel Nigeria, announced this in a…
- 19 May 2022
MoMo Payment Service Bank Formally Commences Operations
Following the final approval for a Payment Service Bank (PSB) licence granted by the Central Bank of Nigeria (CBN), MTN Nigeria’s fintech subsidiary, MoMo Payment Service Bank (MoMo PSB) Limited,…
- 5 Nov 2021
MTN, Airtel Secure Approvals to Operate Payment Service Banks
MTN Nigeria and Airtel Africa have secured approval in principle to operate a payment service bank (PSB). The telecommunications giants disclosed this in regulatory filings on the Nigerian Exchange…
- 26 Apr 2022
CBN Grants Airtel Full Super-Agent License
Airtel Nigeria has been granted a full super-agent license from the Central Bank of Nigeria (CBN). This is coming six months after Airtel announced it had secured the license in principle. The latest…
- 29 Oct 2020
MTN Nigeria Reports N975.8Bn Revenue for Q3
MTN Nigeria has recorded a 13.9 per cent boost in its revenue for the third quarter of 2020, posting N975.76 billion. This is higher than the N856.549bn recorded in the same period last year. The…
- 15 Nov 2018
CBN Asks Telcos to Pay N5Bn for Mobile Money Licenses
Central Bank of Nigeria (CBN) has asked telecommunications companies that intend to deepen financial inclusion in the country through mobile money services to make a minimum capital deposit of N5bn.…
- 23 May 2023
SABRE Africa Honours MTN’s Karl Toriola with Certificate of Excellence
In recognition of his tenacious leadership and drive for innovation, Karl Toriola, the CEO of MTN Nigeria, received the 2023 SABRE Africa Certificate of Excellence as CEO of the Year. Since becoming…
- 5 May 2026
UBA, Redtech, MoMo PSB Expand Merchant Payment Access Across Nigeria
United Bank for Africa (UBA), Redtech, and MoMo PSB have launched a payment interoperability partnership that expands cardless payment access for consumers and merchants across Nigeria. Redtech is…
- 8 Aug 2024
MTN Nigeria takes full control of MoMo bank for $4.6m
MTN Nigeria recently announced that it has successfully acquired a 7.17% minority interest in Mobile Money Payment Service Bank (MoMo PSB), which was formerly controlled by Acxani Capital, for a…
- 19 Sept 2019
CBN Issues AIP To 3 Payment Service Banks
The Central Bank of Nigeria (CBN) has issued Approvals-in-Principle (AIP) to three Payment Service Banks (PSBs). The three institutions issued approvals in principle to operate as Payment Service…