Business
CBN Grants Airtel Super-Agent Licence
CBN Grants Airtel Super-Agent Licence
Airtel Nigeria has been granted a full super-agent licence by the Central Bank of Nigeria (CBN).
This is coming six months after the telecoms firm announced that it had secured the licence-in-principle.
In a statement entitled: “Nigeria Super-Agent Full Licence Approval” signed by Simon O’Hara, the Company Secretary means Airtel has a full super-agent licence to operate as an agency network.
Super agents are businesses that have been licensed by the CBN to recruit agents for agency banking, which involves providing financial services to communities on behalf of banks in order to increase financial inclusion.
The super-agent licence is distinct from the Payment Service Bank (PSB) licence for which MTN received approval in principle on November 4, 2021.
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The statement filed with the NGX reads: “Further to our announcement of 15 November 2021, Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today confirms that the Central Bank of Nigeria (CBN) has awarded its subsidiary, Airtel Mobile Commerce Nigeria Limited, with a full super-agent licence.”
The company, in the statement, did not specify when operations would resume, but, however, stated: “The licence allows us to create an agency network that can service the customers of licenced banks, payment service banks and licenced mobile money operators in Nigeria.”
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