AIICO, Fidelity, Honeywell and MTNN Drive Mid-day Loss
The equity market is currently trading on a bearish note following contractions in FIDELITYBK (-0.37%), UCAP (-0.52%), AIICO (-0.78%), WEMABANKN (-2.33%), HONYFLOUR (-3.95%), MTNN (-4.50%), and JAPAULGOLD (-4.55%).
Overall, the Nigerian Exchange (NGX) All-Share Index is lower by 0.11%, according to Alpha Morgan Capital.
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 wallet 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.
# AIICO, Fidelity, Honeywell and MTNN Drive Mid-day Loss
