MTN Nigeria informed the Nigeria Exchange Group today that it has received a final approval from the Central Bank of Nigeria to operate Momo Payment Service Bank Ltd.
In a corporate disclosure, filed by company secretary Uto Ukpanah, MTN explained that the final approval was given by the CBN in a letter dated 8 April 2022.
“MTN Nigeria Communications Plc (MTN) announces the receipt of a letter dated 8 April 2022 from the CBN addressed to Momo PSB conveying final approval to commence operations.
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“The date of commencement will be communicated to the CBN in accordance with its requirements,” said Ukpanah.
MTN Momo Pay already operates in some African countries.