MTN Nigeria gets approval for proposed MoMo Payment Service Bank

MTN Nigeria Communications Plc has received an Approval in Principle dated 4, November 2021 from the Central Bank of Nigeria for a licence application for the proposed MoMo Payment Service Bank Limited.

This is the first step in the process towards a final approval, subject to the fulfilment of certain conditions as stipulated by the CBN.

MTN Nigeria affirms its commitment towards the financial inclusion agenda of the CBN and the Federal Republic of Nigeria and continues to explore means whereby it can contribute to its fulfilment.

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