The Central Bank of Nigeria (CBN) has swiftly responded to the requests of the Association of Mobile Money and Bank Agents of Nigeria (AMMBAN) by issuing a circular to include mobile money operators, mobile money agents, Super Agents and agents in the distribution of the new naira notes across the country. This move demonstrates the CBN’s commitment to working closely with AMMBAN and utilizing strategic agent locations for effective distribution of the new notes.
This is a positive development for all stakeholders in the ecosystem and highlights AMMBAN’s selfless efforts to foster a collaborative relationship with the regulator and industry players. It is a clear indication that better days are ahead for genuine mobile money and bank agents in Nigeria.
More details soon.