The Central Bank of Nigeria (CBN) offered a final approval to Airtel Africa Plc, a subsidiary of Indian telecom giant Bharti Airtel to operate mobile money services in the country. Nigeria is Airtel’s biggest market on the continent and 40% of group revenue comes from the West African nation. The firm which has been operating on a provisional authorisation had applied for a Payment Service Bank (PSB) licence through SMARTCASH Payment Service Bank Limited. Airtel Africa sells its shares on the Nigerian Exchange (NGX) Limited. Having secured all the requirements, the banking industry regulator in Nigeria has now given the…
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