MTN Nigeria: Expanding its portfolio into banking…
“We will be applying for a payment service banking licence in Nigeria in the next month or so. And if all goes according to plan, we will also be launching mobile money in Nigeria probably around Q2 of 2019.”
– CEO MTN
I thought Nigerian economy was too hostile for foreign investment?
And that MTN was being “victimized” so it was a discouragement to other investors?
So why is MTN expanding its portfolio into banking?
Am I missing something here?
I am genuinely confused!