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MTN Group Ltd
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.
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.
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.
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.
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.
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.
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.
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.
Record-winning British Formula 1 driver Lewis Hamilton has joined a host of international superstars lending their voices to the #EndSARS campaign, which was started Nigerian youths to call for an end to police brutality
Kinsmen of former Chairman of the Pension Reform Task Team, Abdulrasheed Maina, have disagreed with Senator Ali Ndume for saying he does not know their son’s whereabouts.
Hoodlums, masquerading as EndSARS protesters, attacked the Kwara Command warehouse of the Nigerian Customs Service (NCS) in Ilorin on Saturday with the intention to loot.
Governor Godwin Obaseki of Edo has assured youth in the state of 60 per cent representation in his new cabinet as part of his administration’s efforts to redress their grievances.
Members of the European Parliament were highly critical of EU countries offering citizenship through investment programmes following revelations by Al Jazeera’s Investigative Unit that showed criminals could possibly buy Cypriot passports.