MTN Group Limited
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
BREAKING: Only applicants from federal institutions can access student loans – FG Managing Director of…
BREAKING: Iranian Imam survived helicopter crash for an hour, tried to raise help - Report As more details…
Student killed in Anambra seminary school fire The Bishop Crowther Memorial Seminary School, Awka, Anambra State capital, was…
JUST IN: South African highest court disqualifies Jacob Zuma from contesting election South Africa’s highest…
NSCDC uncovers fresh illegal refining sites in Rivers The Nigeria Security and Civil Defence Corps…
Ekiti selected monarch arraigned for certificate forgery Ado-Ekiti—The Oba-Elect of Araromi-Ekiti in Ijero Local Government Area…