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MTN Group Ltd
Emerging-market assets may be enjoying a strong start to the year, but one country missing out on the rally is Nigeria.
MTN Group Ltd., the wireless carrier facing a combined $10 billion in claims from Nigerian authorities, said it may no longer seek to raise capital through an initial public offering on the country’s stock exchange.
MTN Group said there is no specific date for its initial public offering yet as it is still perfecting details of the proposed listing.
MTN Group Ltd. has appointed more banks for the sale of shares in its Nigerian unit on the stock exchange in Lagos as it looks to start an initial public offering in June or July, according to people familiar with the matter.
Google is releasing an app in Africa that will help internet users overcome obstacles such as the lack of high-speed connectivity and the cost of data on the continent.
Africa’s biggest mobile-phone firm, MTN Group Ltd, yesterday said its is doing a spring clean of its empire, conducting a review to decide whether it really needs to be in all 22 of its markets across Africa and the Middle East. Some of the markets are tiny, others are war-torn while still more have regulators desperate to curb the telco’s perceived dominance.
The Securities and Exchange Commission (SEC) on Monday said that it was yet to be notified by the MTN Group on plans to raise about 500 million dollars from the Nigeria’s capital market.
National Emergency Management Agency (NEMA), on Monday accused members of the Shiite group, Islamic Movement of Nigeria, of burning down two ambulances at the Agency’s Emergency Response and Ambulance Bays (ERABs) in Abuja.
Activities on the nation’s bourse opened for the week on Monday on downward posture, with crucial market indices shedding 0.40 per cent.
The Federal Government has revealed that the new minimum wage of N30,000 is yet to be implemented in full across the board in the Federal Civil Service because of unrealistic demands of the labour unions.
Abba Kabir-Yusuf, the Peoples Democratic Party (PDP) candidate in the March 23 Governorship election in Kano State, on Monday, tendered 241 exhibits before the state Governorship Election Petition Tribunal.
The Federal Government on Monday in Abuja affirmed its readiness to deploy biogas for electricity generation in the country.
Wife of the Niger State Governor, Dr Amina Abubakar, has urged women to use their unique nature to add value to the society.
Tottenham Hotspur star has offered himself to Barcelona after the decision of manager Mauricio Pochettino.
Zimbabwe hiked fuel prices on Monday for the second time in a week but most pumps remained dry, with no end in sight to shortages that are helping drive inflation rapidly higher.
Tipper drivers in Anambra state on Friday blocked the ever-busy Enugu-Onitsha expressway in Awka in protest of alleged extortion by agents of state government.
The Peoples Democratic Party and its presidential candidate, Atiku Abubakar, on Friday, rested their case after calling their 62nd witness at the Presidential Election Petition Tribunal in Abuja.