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MTN Group Ltd

MTN seeks to sell $243m stake in Jumia

Reuters, yesterday, said its sources had revealed this, saying MTN which had previously marked the online retailer as a non-core business, is reviving plans for a sale after Jumia’s shares surged 142% this year, recovering from a dip in 2019. No final decisions about the sale have been made, the sources told Reuters.
The logo of French telecoms operator Orange is pictured on a closed retail store in Paris, France, April 17, 2020. REUTERS-Charles Platiau-File Photo

Orange eyes Nigeria, South Africa as possible new markets

Orange, France’s largest telecom operator, believes it would benefit from having a wider footprint in Africa and will give itself a few months to make a possible move, Chief Executive Stephane Richard told Les Echos business newspaper.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN raises $140 million in divestment plan

MTN Group Ltd says it has raised 2.1 billion rand (140.24 million dollars) from asset sales in the first half of this year as part of a divestment plan to simplify its portfolio.

MTN prepares for share sale of Jumia

African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about $1.5bn, according to people familiar with the matter.
A motorcyclist rides past a campaign poster for Nigeria’s incumbent president and candidate to his re-election for the ruling All Progressives Congress (APC) President Muhammadu Buhari, and Vice-President Yemi Osinbajo, at Ilupeju in Lagos, on January 4, 2019. PHOTO: PIUS UTOMI EKPEI / AFP

Nigeria misses out on emerging-market rally as vote nears

Emerging-market assets may be enjoying a strong start to the year, but one country missing out on the rally is Nigeria.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN to proceed with Nigerian listing

MTN Group Ltd. boosted sales ahead of targets in the third quarter, showing its ability to grow the business even with a major regulatory spat that’s rocked shares of Africa’s largest wireless carrier.
Ralph Mupita, chief financial officer of MTN Group Ltd. Photographer- Waldo Swiegers-Bloomberg

MTN may scrap Nigerian IPO as dispute weighs on shares

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: No specific date for Nigeria’s initial public offering

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 to pick more banks to work on planned Nigerian IPO

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 releases new app to beat slow internet speeds in Africa

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.

MTN reviews operations in Nigeria, 21 other countries

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.

MTN yet to submit applictaion on initial public offering – SEC

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.

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The Coordinator, Defence Media Operations, Maj.-Gen. John Enenche, disclosed this in a statement on Friday in Abuja.

Troops kill dozens of terrorists in Borno

The troops of Air Task Force of Operation Lafiya Dole, has destroyed terrorists’ hideouts and neutralized several fighters at Ngwuri Gana along the Gulumba Gana-Kumshe axis as well as at Jumacheri near Damasak in the northern part of Borno State.
Governor David Nweze Umahi

#EndSARS: Don’t turn protest to Igbo affairs – South East governors

The Chairman of South-East Governors’ Forum and Ebonyi State governor, David Umahi, has warned that the EndSARS protest must not be labelled as Igbo affairs.
At least 33 Boko Haram militants were killed by Nigerian troops in a gunfight on Sunday, according to military sources on Tuesday.

Boko Haram: Eight farmers killed, 30 missing in Borno

No fewer than eight farmers have been killed when suspected Boko Haram insurgents attacked them on their farmlands at the outskirts of Maiduguri in Konduga Local Government Area of the state, sources said.
Emiliano Sala

Emiliano Sala: Man denies charges in connection with plane crash

A 66-year-old man appeared in court on Monday in connection with the death of Argentine footballer Emiliano Sala in a light aircraft crash last year.
Sen. George Akume, Minister of Special Duties and Intergovernmental Affairs made the call at the formal inaugural ceremony of eight members of the Governing Board of the NNMA on Friday in Abuja.

Senator Akume: Why 2014 Confab report was dumped

Minister of Special Duties and Inter-Governmental Affairs, Senator George Akume, Monday cited the lopsided appointments into the President Goodluck Jonathan’s 2014 National Conference (CONFAB) as one of the probable reasons the report has been dumped.