Country
Nigeria
Sector
Financial Services
Intelligence Type
Capital
Estimated Value
NGN Billion (~$60 million at current rates) 95.5
Confidence
Confirmed
Latest Development
MTN Group is acquiring 60% stakes in MTN Nigeria’s mobile money arm (MoMo Payment Service Bank) and Y’ello Digital Financial Services for a combined ₦95.5 billion (~$60m), restructuring these fintech assets under a new Fintech HoldCo (60% MTN Group / 40% MTN Nigeria). The transaction shifts strategic control and funding responsibility for Nigerian mobile money to the Group level, reducing pressure on MTN Nigeria’s balance sheet.
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