MTN GROUP LIMITED - Central Bank of Nigeria (CBN) grants approval in principle (AIP) for the operation of MoMo Payment Service Bank Ltd

Central Bank of Nigeria (CBN) grants approval in principle (AIP) for the operation of MoMo Payment Service Bank Ltd

MTN Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
(Share code MTN)
(ISIN: ZAE000042164)
(MTN Group)


Central Bank of Nigeria (CBN) grants approval in
principle (AIP) for MoMo Payment Service Bank Limited

In reference to the announcement by MTN Nigeria on the Nigerian
Stock Exchange (NGX). MTN Group is pleased to announce that MTN
Nigeria, as promoter, received an AIP, dated 4 November 2021,
from the CBN for its application to operate the proposed MoMo
Payment Service Bank Limited.

This is the first step in the process towards a final approval,
subject to the fulfilment of certain conditions as stipulated
by the CBN.

The NGX announcement can be viewed at:
https://www.mtnonline.com/about-us/investor/announcements/


Fairland
05 November 2021

Lead sponsor
JP Morgan Equities South Africa Proprietary Limited

Joint sponsor
Tamela Holdings Proprietary Limited

Date: 05-11-2021 09:09:00
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