The Central Bank of Nigeria has issued licenses to 15 mobile money operators as part of its drive towards increasing financial inclusion. To further address observed absence of a widespread agent network, and concentration of agents in the urban areas, the CBN said it had released guidelines for mobile money services in Nigeria. The Governor of the central bank, Godwin Emefiele, said that this was with the intent of bringing the operators on board by utilizing their network spread. “We have so far provided 15 licenses to several mobile money operators who...