Skip to main content

Mobile money: Abuja central bank gives MTN Nigeria green light

 
MTN Nigeria Communications PLC debuted May 16 on the Nigerian Stock Exchange in Lagos [Temilade Adelaja/Reuters]
MTN Nigeria Communications PLC debuted May 16 on the Nigerian Stock Exchange in Lagos [Temilade Adelaja/Reuters]
A subsidiary of MTN Nigeria Communications PLC has been awarded a licence by the country's central bank in Abuja that would allow it to provide financial services, the telecoms firm said on Monday.

Nigeria announced last year that it would allow telecom companies to provide banking services, aiming to give millions of Nigerians without bank accounts access to mobile money services - which have been successful elsewhere in Africa.

Comments

  1. Dorothymcollier2 April 2020 at 02:05

    This Is An Excellent Post I Seen. I Have To Thanks To You To Share It It Is Really What I Wanted To See Hope In Future You Will Continue For Sharing.
    Nigeria MTN Mobile Money

    ReplyDelete

Post a Comment

Popular posts from this blog

Facts The Economist Got Them Wrong on Magufuli

DAR ES SALAAM, East Africa:  By Dr. Hernan Louise Verhofstadt* “ A BIT like President Donald Trump, Tanzania’s president, John Magufuli, likes to fire employees on television. In November Mr. Magufuli used a live broadcast from a small town in the north of the country summarily to dismiss two officials,” this is an extract from a recent online article I came across from the newspaper that I admired when I was growing up in Europe back in 1990’s; the Economist . Before I venture into other serious issues, the excerpts above contains gross factual errors; my own fact-check indicates that in the named public rally during the opening of Kagera Airport, there was no summary dismissal of the two officials instantly on television, as alleged. Instead, the two, one District Executive Directors for Bukoba Urban and another for Rural were relieved their duties later through a press release from President’s Office.   This is my prima impressio reading the Economist this
45 comments
Read more

Tundu Lissu, a despot in the shadow?

By Masinde Masondore, Montreal, Canada, 01-04-2018:  WHEN a learned politician brags of publicly embarrassing his President and counts it an honor while deliberately sabotages the nation's economic interests is a misfit in African traditions. 'Africans have had own ways of criticising the King, the way it happened in ancient Israel, however, in any case, the nation's interests were set apart from any sabotage," Gilbert Moshi. Tindu Lissu, a controversial Tanzanian opposition politician would be leaning on a wrong wall. He chose a road less travelled by learned individuals who mostly were rational. The road he walks and the philosophy he exhibit, only label him a tyranny of darkness. Any democratic leader, whether in opposition or ruling party ought to be totally enveloped in wisdom which prevents monumental errors of judgment. Lissu does not exhibit a minute of it. One of the pillars of customer-focused policies in the business world i
10 comments
Read more

Magufuli Honours Promise As Dangote Factory Gets Direct Gas Supply

Production on of affordable cement now to start next month  By Correspondents Dar and Nairobi, 15:16 GMT Under his famed “delivery per se” policy, the government of Tanzania under President John Pombe Magufuli has finally confirmed that it has completed its phase mission of connecting Dangote cement plant in Mtwara, in the southern region of Tanzania, to the natural gas to generate the needed 35MW. Mr. Aliko Dangote in a tete a tete with President Magufuli at the inaugaration of the plant last year. Speaking at the end of his tour of the factory, the Energy Minister Dr. Medard Kalemani said the government was committed to supply the natural gas resource to enable Dangote cement plant access affordable energy for smooth cement production. The factory is one of the biggest cement plants in Southern Africa providing affordable cement to locals and countries in the vicinity. “I am telling you TPDC, if the factory delays to complete its insta
5 comments
Read more