MTN Nigeria to Cede 60% of Fintech Arm in ₦152bn Restructuring

Shareholders approved a ₦152.06 billion deal at the AGM on April 30, 2026. Resolution 9 transfers a 60% stake in MoMo Payment Service Bank and Y’ello Digital Financial Services to MTN Group Fintech B.V. Under the plan, MTN Group Fintech injects fresh capital and buys shares from MTN Nigeria using a hybrid primary and secondary investment structure. Both sides will then merge their interests into a new holding company to be registered with the Central Bank of Nigeria. The move shifts financial responsibility for the loss-making fintech operations to the parent company. It lets MTN Nigeria refocus on its core telecom business while positioning the fintech arm for future investment. Observers link this to the MTN Group’s “Ambition 2030” roadmap, which emphasises scaling digital finance across its markets. The new holding company should boost fundraising flexibility and help drive growth in rural areas, merchant acquisition and digital payment services.

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