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Nigeria

Nigeria's golden 'mobile money' ticket is a huge opportunity for telcos

  • MTN Nigeria and Airtel Africa have been granted approval in principle to operate payment service banks (PSBs) in Nigeria

  • Although highly anticipated, the news failed to move MTN Nigeria's share price – mainly due to illiquidity

  • Our blue-sky valuation indicates an upside potential of 32% for MTN Nigeria; we reiterate our Buy recommendation

Nigeria's golden 'mobile money' ticket is a huge opportunity for telcos
Ayobami Omole
Ayobami Omole

Research Analyst

Tellimer Research
9 November 2021
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