The Central Bank of Nigeria granted MTN the permission to operate Mobile Money (MoMo). Since its inception in 2019, MTN Nigeria’s Mobile Money (MoMo) service has attracted over 9 million subscribers. According to TechCabal, the license means MTN Nigeria would be able to provide practically all the services provided by traditional commercial banks, except for…
MTN Nigeria, Nigeria’s largest telco, has announced that beginning on Wednesday, 1 December 2021, retail investors will be able to purchase up to 575 million shares held in MTN Nigeria at 169 per share, which is lower than its stock market share price. This public offering is consistent with MTN Group’s commitment to gradually reduce…
MTN Nigeria and Airtel Africa Plc have secured approval in principle to operate a Payment Service Bank (PSB) in the country. The two leading telcos made this known in regulatory filings on the Nigerian Exchange Limited (NGX) on Friday, November 5. Techeconomy.ng understands that the PSB operators provide financial services through digital means to low-income earners…
Africa’s telecommunication giant, MTN, has announced its plan to sell 101 billion naira ($244 million) worth of shares in its Nigerian carrier unit as it continues to dispose of its assets to pay off existing debts. According to a statement released by the mobile-network operator on Thursday, it will issue 575 million shares in MTN…