Airtel Money's $7bn IPO excludes its Nigerian fintech business

Airtel Money lists on the London Stock Exchange on October 14 at £1.96 per share, valuing the business at £5.3 billion ($7 billion), but without its Nigerian fintech arm SmartCash. A Central Bank of Nigeria directive forced the transfer of a 25% stake back to Airtel Networks for $3 million.

• LSE IPO on October 14: £1.96 per share, £5.3bn ($7bn) valuation
• 25% SmartCash stake sold to Airtel Networks for $3m under CBN directive
• Nigeria accounts for 1.24% of mobile money revenue and 6.02% of customers
• 53m monthly active users across 13 African countries as of June 30, 2026