Commission Management
24-02-2026
1
Admin
Standardised rate structure • 4.5% MNO floor enforced • February 2026
Commission protection is active. MNOs pay into switch settlement account; the switch distributes to participants at the standardised rate. MNOs cannot unilaterally reduce commission to individual FIs or Aggregators. (FR-17, FR-18, FR-24)
Total Accrued - Feb MTD
N14.4B
On track for 18B/month
FIS / PSBS (2.5%)
N8.0B
148 FIs Auto-split
Aggregators (1.0%)
N8.0B
5 Aggregators
Switch Admin (1.0%)
N3.2B
Infrastructure Levy
Commission by MNO (FEB-MTD)
MTN
N8.1B (56%)
Airtel
N3.9B (27%)
Glo
N1.8B (12%)
9mobile
N720M (5%)
• All MNOs paying at or above 4.5% floor • Rate floor protection
Commission by Aggregator (FEB-MTD)
| Aggregator | Vol Share | Commission (N) | Status |
|---|---|---|---|
| Aggr-001 Telcos Direct | 34% | N1.09B | PAID |
| Aggr-002 Primus VAS | 22% | N704M | PAID |
| Aggr-003 SwiftRoute | 14% | N448M | PENDING |
| Aggr-004 NexBridge | 17% | N544M | PAID |
| Aggr-005 Cordis | 13% | N416M | PAID |