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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.
The Italian Carabinieri police corps said that more than 31,000 pills of Yaba, known as the `madness drug,’ have been seized in a large-scale operation.
The President of the Senate, Ahmad Lawan, on Monday justified the current move by the Senate to amend the law on Production Sharing Contract in the oil industry.
Residents of some communities in Badagry area of Lagos State have continued counting their losses due to flooding after many hours of weekend rainfall which destroyed homes, churches, shops and farmlands.
A group of lawyers in Onitsha, Anambra state, have asked the state police command to bring to justice all officers involved in the manhandling of their colleague, Jacob Obasi in Onitsha, last Friday.
Gunmen killed 14 police Monday in an attack in the state of Michoacan, in western Mexico, authorities said, condemning the latest violence in the restive region, a hotspot for criminal groups and armed vigilantes.
A former governor of Kaduna State, Senator Ahmed Makarfi, has asked organised labour in the country to always hold government accountable rather than fighting for “money, money.”
The Chairman of Interim Management Committee, of Imo Transport Company, ITC, Emeka Ariguzo, yesterday said that when he assumed office last three months, he discovered that ITC, was running under private account.
Brazil coach Tite sends a message to Super Eagles after a 1-1 score draws with Senegal in an international friendly on Thursday afternoon in Singapore.
The Ekiti State Chapter of Peoples Democratic Party (PDP), on Sunday, declared its readiness to participate in the forthcoming Local Government elections scheduled for December 7.
Local media reported on Friday that Cambodian opposition activist has been sentenced to 18 months in prison over Facebook posts deemed incendiary and insulting to Prime Minister Hun Sen.