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Central Bank of Nigeria withdraws Cellulant’s mobile money licence as company focuses on payment solutions

The Central Bank of Nigeria (CBN) has revoked the mobile money licence of Cellulant Nigeria, a subsidiary of one of Africa’s oldest fintech companies Cellulant Corporation, according to a letter addressed to the company and seen by TechCabal. The revocation took effect on December 6, 2023. Cellulant is therefore leaving the consumer-facing mobile money market…

The post Central Bank of Nigeria withdraws Cellulant’s mobile money licence as company focuses on payment solutions appeared first on Content Krush.

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