MTN Nigeria Secures Full Ownership of MoMo PSB
Telecommunications giant, MTN Nigeria Plc has announced the successful acquisition of the remaining 7.17% minority shareholding in MoMo Payment Service Bank Limited (MoMo PSB) from Acxani Capital Limited. This transaction results in MoMo PSB becoming a wholly-owned subsidiary of MTN Nigeria.
The management of MTN Nigeria believes that this acquisition will streamline and enhance the operations of MoMo PSB, a move deemed essential for the bank to achieve its ambitious growth targets. By fully integrating MoMo PSB, MTN Nigeria aims to bolster its position in the financial services sector and drive further innovation and expansion in its mobile money operations.
Related Posts
Leaders target financial resilience at NCBA breakfast 2026
Financial inclusion in Kenya has made significant strides, yet industry leaders gathered at the NCBA Financial Inclusion Breakfast…
By
Kenya Power posts KSh24.99bn as revenue climbs 8.6% in FY2026
Kenya Power and Lighting Company PLC (Kenya Power) has reported a 2.1% increase in profit after tax to…
Standard Bank Namibia, NAMCOL partner on employee value banking
The Namibia College of Open Learning (NAMCOL) and Standard Bank Namibia have strengthened their strategic partnership through a…
KNCCI, Sidian Bank to boost SME and MSME financing
The Kenya National Chamber of Commerce and Industry (KNCCI) has engaged Sidian Bank in high-level discussions to strengthen…
Gallery
