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Nigerian Stock Exchange NSE

Investors lose N265 billion as stock market falls further

Investors in the equities market of the Nigerian Stock Exchange saw the value of their investments decline by N265bn on Thursday.

MTN Nigeria slashes data prices, introduces freebies for new customers

MTN Nigeria, Wednesday, announced a price slash across all its data plans and offerings, barely two weeks after launching its 4G+, which offers customers faster data speed.

Airtel Africa to boost Nigerian equities with N1.4 trillion

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.

Court adjourns tax case between MTN and attorney general

A Nigerian judge on Wednesday adjourned until Oct. 29 a case to resolve a $2 billion tax dispute between South African telecoms company MTN Group and Nigeria’s attorney general.
Nigerian Stock Exchange NSE

Transaction on NSE maintains losing streak, sheds N98 billion

The Nigerian Stock Exchange (NSE) market capitalisation on Tuesday continued in a losing streak, dropping by N98 billion.

Bayero University Kano to honour Tony Elumelu with an Honorary Doctorate Degree

The Bayero University, Kano, is set to honour philanthropist and entrepreneur, Tony Elumelu, for his immense contributions to human development at the university’s forthcoming 35th convocation.
Nigerian Stock Exchange NSE

Profit taking: NSE market indices decline by 0.17 percent

The crucial market indices of the Nigerian Stock Exchange (NSE) dropped by 0.17 per cent on Thursday after the work-free day to mark the May 29 inauguration date.

NSE: Market capitalisation loses N302 billion

Trading on the Nigerian equities market opened for the week on Monday with a loss of 2.22 per cent, following declining investors’ appetite on MTN Nigeria Communications shares.

Report: Broadband penetration to rise to 55% by 2025

The “Nigeria Mobile Report 2019” released at the weekend by Jumia Nigeria has stated that the nation’s mobile broadband penetration is forecast to rise to 55 percent of its population by 2025.

EFCC probes MTN’s listing on NSE

Telecommunications giant, MTN Nigeria, has revealed its listing on the Nigerian Stock Exchange (NSE) is the subject of an enquiry by the Economic and Financial Crimes Commission (EFCC).

MTN Nigeria listing being investigated by EFCC

MTN Nigeria said on Saturday it is under investigation by the Nigerian financial crimes agency over its listing last week, although it “has not been accused of any wrongdoing” by the Economic and Financial Crimes Commission.

MTN Nigeria suffers first share price drop

MTN Nigeria Communications Plc saw its share price fall on Friday for the first time since it got listed on the Nigerian Stock Exchange.

MTN Nigeria records first loss after listing, amid profit taking

MTN Nigeria Communications on Friday recorded its first price loss on the Nigerian Stock Exchange after listing on May 16.
Smile Telecoms

Smile Telecoms appoints new Group chief executive officer

Smile Telecoms, a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania and the Democratic Republic of the Congo, has announced the appointments of Mr. Ahmad Farroukh as Group Chief Executive Officer and Ms. Irene Charnley as Deputy Chairman, respectively, effective 1 June 2019.
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 pays N235 billion SIM registration fine

MTN Nigeria Communications Limited has paid a total of N235bn out of the N330bn fine imposed on the mobile telecommunications operator in August 2015 by industry regulatory agency, the Nigerian Communications Commission.

Operators fault MTN Nigeria listing over free float

Some stakeholders in the capital market have faulted the listing of MTN Nigeria Communications Plc on the nation’s bourse in spite of unavailability of the mandatory 20 per cent free float.
Nigerian Stock Exchange NSE

Stock market records highest gain in three months

The nation’s stock market recorded its highest gain since February 12 last week as the market capitalisation of equities rose by N1.874tn following the listing of MTN Nigeria Communications Plc on the Nigerian Stock Exchange.

MTN Nigeria lifts trading on NSE, records 10 percent growth second trading day

MTN Nigeria Communications Plc for the second trading day appreciated by 10 per cent due to high demand for the equity on the Nigerian Stock Exchange (NSE).

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Barcelona sell Marc Cucurella to Getafe just hours after re-signing him from Eibar

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Nasir El-Rufai

Governor El-Rufai seeks assembly’s approval of N81.68 billion supplementary budget

The Kaduna State House of Assembly has began deliberations on the N81.68 billion supplementary budget forwarded to it by Gov. Nasiru El-Rufai.

Operation Lafiya Dole gets new commander as Naf redeploys senior officers in fresh shakeup

The Nigerian Air Force (NAF) has appointed new Branch Chiefs, redeployed two Air Officers Commanding (AOCs) and other senior officers.

Joaquin ‘El Chapo’ Guzman sentenced to life in prison

The Mexican drug kingpin Joaquin “El Chapo” Guzman has been sentenced to life behind bars in a U.S. prison, a humbling end for a drug lord once notorious for his ability to kill, bribe or tunnel his way out of trouble.