MTN acquires additional shares in MoMo PSB

Nigeria’s biggest telco, MTN, has acquired the remaining 7.17 per cent minority interest in MoMo Payment Service Bank for N6.95bn, in a move to strengthen its position in the financial services sector. The acquisition was disclosed in MTN Nigeria’s unaudited financial statements for the nine months ended Sept. 30, 2024. In May, MTN reached an

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