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NSE optimistic on bullish market as equities’ return rises to N1.35 trillion

The Nigerian Stock Exchange (NSE) has expressed optimism that the current recovery at the stock market will be sustained. Its optimism is based on the improved macroeconomic conditions and favourable global economic outlook.
Nigerian Stock Exchange NSE

NSE: Market indices extend growth by 0.35 per cent

The Nigerian Stock Exchange (NSE) market indices ended trading on Friday with a growth of 0.35 per cent.

NSE indices sustain negative outlook, amid Airtel price loss

The Nigeria equities market recorded further dip on Tuesday due to huge loss reformed by Airtel Africa Plc.
Nigerian Stock Exchange NSE

Nigerian equities market down 0.74 per cent

The Nigerian equities market resumed trading week on Monday with a loss of 0.74 per cent, following losses achieved by medium and large equities.

Airtel Africa exceeds 100 million subscriber base

Airtel Africa, a major telecommunications services provider with operations in 14 countries across Africa, Wednesday announced that it has crossed the 100 million customers mark across its operations.

Airtel Africa posts $796m revenue

As the corporate earnings continue to hold sway in the Nigerian market, Airtel Africa has announced that its revenue increased to $795.9 million from $744.5 million recorded in the corresponding period of 2018.

Airtel Africa records more than double pretax profit in Q1

The Chief Executive Officer, Raghunath Mandava, said the pretax profit, which more than doubled its 2018 figure was boosted by double-digit growth in Nigeria and East Africa.
Nigerian Stock Exchange NSE

Investors lose N265 billion as stock market falls further

Investors in the equities market of the Nigerian Stock Exchange saw the value of their investments decline by N265bn on Thursday.

Airtel Africa’s shares drop by 9.99 per cent

Airtel Africa shares dropped by 9.99 per cent on the Nigerian Stock Exchange (NSE) a day after listing, forcing the market indices to close on negative region.

Airtel Africa to boost Nigerian equities with N1.4 trillion

Airtel Africa Plc is set to become the third most capitalized quoted company on the Nigerian stock market as the telecommunications company concludes arrangements to list its shares on the Nigerian Stock Exchange (NSE). Nigeria alone accounts for 36% of its total revenue.

Airtel Africa to price London listing at bottom of range – bookrunner

Airtel Africa Ltd’s planned initial public offering on the London Stock Exchange is expected to price at 80 pence, the bottom end of its indicated price range, one of the bookrunners handling the sale said.

Airtel Africa receives pre-IPO interest worth $200 million – bookrunner

One of the bookrunners handling Airtel Africa Ltd.’s planned initial public offering on the London Stock Exchange said on Monday it had received indications of interest worth about $200 million from pre-IPO investors.
The second largest telecommunications group in Africa, Airtel Africa Plc, is set to sell its shares to Nigerian investors at between N363 and N454 per share.

Airtel Africa wants to sell shares to Nigerians

The second largest telecommunications group in Africa, Airtel Africa Plc, is set to sell its shares to Nigerian investors at between N363 and N454 per share.

Airtel Africa expects London IPO to be priced between 80-100 pence share

Airtel Africa Ltd, a unit of India’s Bharti Airtel Ltd, on Monday set a price range of 80 to 100 pence per share for its planned initial public offering on the London Stock Exchange.

Airtel Africa eyes London stock market listing

Airtel Africa Ltd, a subsidiary of India’s Bharti Airtel Ltd, said on Tuesday it was considering a stock market flotation in London to reduce existing debt.

NCC to increase broadband penetration to 70 percent in five years

The National Communication Commission has said that the Federal Government has targeted increase of the National Broadband penetration from 33 per cent to 70 per cent in the next five years.

NCC: Nigeria to hit 70% broadband penetration by 2024

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has disclosed that the next national Broadband plan will see the country achieving 70 per cent broadband penetration by 2024.

Airtel Africa raises $1.25bn from SoftBank, five other investors

Airtel Africa Ltd, a subsidiary of India’s Bharti Airtel Ltd, said on Wednesday it had raised $1.25 billion from six global investors including SoftBank Group Corp, Warburg Pincus LLC and Temasek Holdings (Private) Ltd.

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