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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.
Investors in the equities market of the Nigerian Stock Exchange saw the value of their investments decline by N265bn on Thursday.
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 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.
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.
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.
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.
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 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.
The Nigerian Stock Exchange (NSE) market indices shed 0.21 per cent due to loses in some blue chips.
The Men’s senior National Basketball Team will tonight leave for China for the final phase of their 2019 FIBA World Cup preparations.
President Muhammadu Buhari on Tuesday told incoming ministers that all requests for meetings with him should pass through his chief of staff, Abba Kyari.
The Chief of Army Staff, Lt.-Gen. Tukur Buratai, has expressed the readiness of Nigerian Army to enhance local capacity in providing logistics for its operations.
A Federal High Court in Lagos has declined to order the release of SaharaReporters publisher, Omoyele Sowore, and other persons in connection with the August 5, #RevolutionNow protest.
The Controller of the Nasarawa State Command of the Nigeria Correctional Service, Emmanuel Okoro, on Thursday refuted reports by a section of the media which claimed there was a jail break at the Keffi Old Prison.
Nelson Enwerem, the current Mr Nigeria, representing the country at the ongoing Mr World in the Philippines, says he will not disappoint his nation with support from citizens.
The Director General of the National Youths Service Scheme, NYSC, Brigadier- General S. Ibrahim, on Tuesday in katsina ordered State Coordinators, nationwide to strictly enforce relevant extant rules that regulates the movement of corps members both on inter and intrastate and local government boundaries, as part of measures to stem rising cases of deaths through road accidents and exposure to banditry and other violent attacks.
Officials of the Saudi Arabia airline, Flynas, on Thursday stormed the Makkan Lagos pilgrims house to pick their luggage ahead of tomorrow (Saturday’s) flight to Lagos.
Irked with the alleged unruly behaviour of the leader of the Islamic Movement in Nigeria, IMN, Sheikh Ibrahim El-Zakzaky, the Indian authorities, Friday flew El-Zakzaky and his wife Zeenat back to Nigeria.