Central Bank of Nigeria (CBN) Revokes Mobile Money Licence of Cellulant Nigeria

The Central Bank of Nigeria (CBN) has revoked the mobile money licence of Cellulant Nigeria, a subsidiary of Cellulant Corporation, one of Africa’s pioneering fintech companies. The revocation, effective from December 6, 2023, marks Cellulant’s exit from the consumer-facing mobile money market as it shifts focus to providing payment services to businesses. According to an … Continue reading Central Bank of Nigeria (CBN) Revokes Mobile Money Licence of Cellulant Nigeria