About
MTN's mobile money service, which has seen a decline in active wallets.
News published about MoMo PSB

MTN Nigeria posts β¦414 billion profit in H1β25 on increased data growth, stable FX
Bendada.com - Jul 31, 2025
MTN Nigeria achieved a half-year profit of β¦414 billion in 2025. The company's revenue grew 54.5% to β¦2.3 trillion in the first half of 2025.

MTN Nigeria returns to the black with β¦133.7 billion Q1 profit, first since 2023
Bendada.com - Apr 30, 2025
MTN Nigeria returned to profitability with a profit of β¦133.7 billion in Q1 2025. The telecom firm added 3.2 million new subscribers, bringing the total to 84 million.

MTN Nigeria 2024 losses widen to β¦400 billion in two years
Bendada.com - Feb 28, 2025
MTN Nigeria reported a β¦400.44 billion loss after tax for the full year of 2024. The company experienced a 70% currency plunge following President Bola Ahmed Tinubuβs election.

MTN Nigeria to obtain two additional payment licences for MoMo PSB
TechCabal - Nov 05, 2024
MTN Nigeria applied for PSSP and PTSP licenses for MoMo PSB. PSSP license allows MoMo PSB to offer payment processing gateways.
Newsletter
Sign up for the Newsletter
Discussion
Have a question related to Africa Tech?
Leverage the Hadu community to get answers and advice for your most pressing questions about Africa Tech.