Airtel Mobile, a subsidiary of Airtel Africa Granted Approval in Principle to Operate in Nigeria


Monday, November 15, 2021 / 01:35 PM / NGX / Header Image Credit: Business Insider Africa

Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces that its subsidiary Airtel Mobile Commerce Nigeria Ltd has been granted approval in principle by the Central Bank of Nigeria to operate as a super-agent in Nigeria.

The super-agent licence is distinct from the Payment Service Bank ('PSB') licence, for which we received approval in principle on 4 November 2021. The PSB licence is required for Airtel to be able to provide financial services in Nigeria such as accepting cash deposits and carrying out payments and remittances, issuing debit and prepaid cards, operating electronic wallets, and rendering other financial services.

Under the super-agent licence, we would be able to create an agent network that can service the customers of licensed Nigerian banks, Payment service banks, and licenced mobile money operators in Nigeria.

Final approval of the super-agent licence is subject to the Group satisfying certain standard conditions.

Visit Airtel Africa Plc IR Page in Proshare MARKETS 

Graph - One Year Share Price Movement

Proshare Nigeria Pvt. Ltd.


Table:  Q1 2022 Unaudited Results

Proshare Nigeria Pvt. Ltd.

 Proshare Nigeria Pvt. Ltd.

Related News

1.   SMARTCASH a subsidiary of Airtel Africa Granted Approval in Principle to Operat...

2.  Airtel Africa Announces First Closing Tower Sale Transaction in Madagascar...

3.  Airtel Africa and UNICEF Announce Multi-million Dollar Partnership to Scale-up D...

4.  Airtel Africa Launches its Long-term Sustainability Strategy Building on its Co...

5.  Airtel Africa Plc Reports 335m PAT in Q2 2022 Results Share Price N780.0K ...

6.  Airtel Africa and the 8.27 Minority Shares Buyback in Airtel Nigeria...

7.  Airtel Africa Notifies of Offer to Buyout Airtel Nigeria Minorities

8. Airtel Appoints Godfrey Efeurhobo as Chief Commercial Officer

9. Airtel Africa Appoints Segun Ogunsanya as Chief Executive Officer

10. Qatar Investment Authority To Invest 200m in Airtel Africa s Mobile Money Busin...


 Proshare Nigeria Pvt. Ltd.



Related News