Another key telecommunications client of IHS Towers, contributing to its improved fortunes.
MTN Nigeria moves MoMo to new platform as fintech revenue falls 26%
MTN Nigeria's fintech revenue fell 25.91% to ₦97.5 billion ($72.42 million) in the nine months ended September 2026. The company temporarily suspended its airtime and data credit advance service, Xtratime, on April 16, 2026.
Why Airtel Money’s $7bn IPO doesn’t include its Nigerian fintech business
Airtel Money will list on the London Stock Exchange without its Nigerian fintech business, SmartCash. A Central Bank of Nigeria directive required Airtel to transfer its 25% stake in SmartCash back to Airtel Networks Limited.
Dangote is testing the market Nigerian startups need to exit
Nigerian banks raised ₦4.65 trillion ($3.49 billion) in capital over 24 months. Dangote Refinery is attempting to raise $1.62 billion through its IPO, which could be one of the largest in Nigeria's history.
Why fintechs are charging ₦0 to sell Dangote shares
Dangote Refinery opened its ₦2.15 trillion ($1.62 billion) IPO on September 14, 2026. Fintech platforms are waiving transaction fees to attract retail investors for the IPO.
MoMo Payment Service Bank (PSB) appoints Bode Abifarin CEO
MoMo PSB appoints Bode Abifarin as Managing Director and CEO effective September 1, 2026. Bode Abifarin has over 23 years of experience in financial services and fintech.
