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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.
The Nigerian Stock Exchange (NSE) market indices ended trading on Friday with a growth of 0.35 per cent.
The Nigeria equities market recorded further dip on Tuesday due to huge loss reformed by Airtel Africa Plc.
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.
A corporal of the Nigerian Army attached to Operation Lafiya Dole has opened fire on his colleagues, killing four personnel and injuring two others.
Tottenham midfielder Dele Alli has been charged by the Football Association after posting a video on social media mocking the coronavirus outbreak.
Celestine Babayaro has shared his thoughts on the appointment of Joseph Yobo as Nigeria’s senior national team assistant coach.
President of the Senate, Ahmad Lawan, will lead a delegation of Senators to the funeral service of Late Senator Longjan Ignatius Dantong slated for March 2, 2020, in Plateau State.
Baleria passed on Tuesday and has since been buried in Kano. The club chairman, Surajo Shuaibu, declared a three-day mourning after a contingent from the club paid a condolence visit to the grieving family.
Unified heavyweight boxing champion, Anthony Joshua, was given a hero’s welcome in his home town Sagamu on Wednesday after paying homage to the town’s traditional rulers.
Manchester United striker Odion Ighalo hopes Watford can put Sunday’s 3-0 loss to the Red Devils behind them and avoid relegation at the end of the season.
Julian Assange was stripped naked twice and handcuffed 11 times coming and going from the court, the WikiLeaks founder’s lawyer told his US extradition hearing in London on Tuesday.
Utako motor park area was thrown into commotion on Friday morning when fire engulfed a section of the market.
The outbreak of the novel coronavirus in Europe is concerning but no reason for alarm, the European Union said on Wednesday.