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N431.9bn Recorded By Nigerian stocks, Intensifies Strong Corporate Results

N431.9bn Recorded By Nigerian stocks, Intensifies Strong Corporate Results Nigerian stocks advanced by (1.64 percent) N431.9 billion on Friday, the fastest rate seen in weeks as investors splurged big cash on equities after many companies reported stronger-than-expected first-quarter earnings. Airtel Africa, FCMB Group and Nestle led...

Two Telcos Generated N2.02trn From Airtime, Data In 2021

Two Telcos Generated N2.02trn From Airtime, Data In 2021   MTN Nigeria Communications Plc and Airtel Nigeria both generated N2.02tn from airtime and data revenues in 2021, according to the financial statements of the two companies obtained by our correspondent. The amount indicates a 20.01 per cent...

Airtel Nigeria Records $1.37bn Revenue, 41.8m Subscribers

Airtel Nigeria Records $1.37bn Revenue, 41.8m Subscribers     Airtel Nigeria reported a revenue growth of 24.1 per cent to $1.37bn in the year ended March 31, 2020, up from $1.11bn reported a year earlier. This growth, according to the company, is driven by 15.1 per cent voice...

Airtel Signs Multi-billion Loan Agreement With Banks

Airtel Signs Multi-billion Loan Agreement With Banks   Airtel Nigeria has signed a five-year loan agreement with a number of Nigerian banks. The telecommunication company, which is set to list its shares on the Nigerian Stock Exchange by July 4 and its African unit on the London...