MTN is planning to launch its mobile money service in Nigeria next year

MTN, Africa’s largest telecoms company, is doubling down on its Nigeria operations despite a history of billion-dollar fines.

The company will apply for a mobile banking license in Nigeria and plans a launch of its mobile money service in Africa’s largest economy in the second quarter of next year, its CEO said at a trade show in Cape Town on Tuesday (Nov.13).

MTN’s mobile money plans will go on despite its latest scrap with Nigerian authorities who claim it “illegally repatriated”...

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