The Central Bank of Nigeria has granted Momo Payment Service Bank Limited final approval to commence operations.
This was revealed in a statement signed by the company’s secretary, Uto Ukpanah, on Monday.
This is coming after the CBN granted the firm approval in principle to operate in November 2021.
The statement read, “We refer to our notification issued on 5 November 2021 in which we communicated receipt of the approval in principle from the CBN for Momo PSB.
READ ALSO:
“MTN Nigeria Communications Plc announces the receipt of a letter dated 8 April 2022 from the CBN addressed to Momo PSB conveying final approval to commence operations.
“The date of commencement will be communicated to the CBN in accordance with its requirements.
“MTN Nigeria affirms its commitment towards the financial inclusion agenda of the CBN and the Federal Republic of Nigeria and we are excited at this opportunity to support its fulfilment.”
PUNCH
PH refinery to blend 1.4-million litre petrol daily - NNPC Rehabilitated old Port Harcourt…
Relief as Israel agrees to ceasefire with Lebanon Israeli Prime Minister Benjamin Netanyahu has…
US University opens 2025 scholarships for international students Montana Technological University (Montana Tech) has opened…
200,000 repentant terrorists surrender, drop arms in North East – CDS The Chief of Defence…
Canadian university offers funded national scholarship program for 2025 Western University has announced that applications…
Israeli strikes pound central Beirut, suburbs BEIRUT: Israeli strikes pounded a densely-populated part of the Lebanese…