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Lagos State has issued a 30-day deadline to MTN and Airtel to complete verification of betting operators' licences, part of a broader push to tighten regulatory oversight of gambling platforms operating in the state.
The directive puts telecom operators at the centre of gambling oversight, requiring them to confirm that betting platforms on their networks hold valid state licences.
Airtel Money has debuted on the London Stock Exchange in one of the largest African listings in years, with a planned secondary listing in Lagos.
Conditional trading began on 9 October, with full admission expected on 14 October as Airtel Africa retains its strategic holding.