Lynda Nzenwa: Telecos’ payment service license and Nigerian banks

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Lynda Nzenwa: Telecos’ payment service license and Nigerian banks

On 5th November 2021, MTN and Airtel confirmed, through their social media handles, the Approval-in-Principle (AIP) by the Central Bank of Nigeria (CBN) for Payment Service Bank (PSB) license. The approval is a step towards fulfilling their long-standing wish. The telcos have never hidden their desire to get fully involved with financial services…
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