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MTN Nigeria Announces ₦95.5bn Fintech Restructuring
  • May 13, 2026
  • Unity Times

… Telecom giant moves to ease financial pressure amid digital banking expansion

Anietie Udobit, Abuja

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MTN Nigeria has unveiled a sweeping ₦95.5 billion restructuring plan involving the transfer of a 60 percent controlling stake in its fintech businesses to parent company, MTN Group.

The restructuring affects MoMo PSB and Y’ello Digital Financial Services, two major players in Nigeria’s rapidly expanding digital payments ecosystem.

Corporate insiders say the move is aimed at reducing pressure on MTN Nigeria’s balance sheet while positioning the fintech subsidiaries for stronger international backing and expansion.

The company’s fintech division has become one of its fastest-growing business segments as millions of Nigerians increasingly rely on mobile banking and digital transactions.

Analysts believe the restructuring reflects the growing importance of fintech operations within Africa’s telecommunications industry.

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  • MTN Nigeria Announces ₦95.5bn Fintech Restructuring

    MTN Nigeria Announces ₦95.5bn Fintech Restructuring

    May 13, 2026 Breaking News, Business, National, News
  • Dangote Refinery Expands Global Reach Amid Oil Market Turmoil

    Dangote Refinery Expands Global Reach Amid Oil Market Turmoil

    May 13, 2026 Breaking News, Business, National, News
  • WHO Intensifies Tracking After Hantavirus Scare

    WHO Intensifies Tracking After Hantavirus Scare

    May 13, 2026 Breaking News
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