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Al Jazeera

Business

In Nigeria, fight between telcos, banks hurts financial inclusion

Nigeria Al Jazeera Lagos NCC MTN

A vendor selling airtime and other services waits for customers at an MTN telecom shop in Lagos, Nigeria on August 28, 2019 [Temilade Adelaja/Reuters]

Lagos, Nigeria – Comfort Oluwaseyi has a time-tested shortcut for sending money to everyone.

For the 40-year-old fruit trader at Ikeja, in the heart of Nigeria’s commercial capital Lagos, all it takes is dialling *737# on her Itel 2160, a non-smartphone which costs 7,000 Nigerian naira ($15).

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