MTN Issues N127bn Commercial Paper For Investment
MTN Nigeria Communications Plc has announced a N127 billion commercial paper investment as part of the N150 billion Commercial Papers Program.
A notification to the Nigerian Exchange Limited shows that the MTN Commercial Papers issuance consisted of two tenors:...
MTN Acquires Licence to Establish Bank In Nigeria
The Central Bank of Nigeria (CBN) has approved the establishment of MTN's Mobile Money (MoMo) Payment Service Bank.
Mobile money allows users to send and receive money, make payments, and perform other transactions using their mobile phones.
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Five Firms Account For 70% Of Nigeria’s Stock Market Value
Dangote Cement Plc and four other companies accounted for about 69.59 per cent of the market capitalisation of equities on the Nigerian Exchange Limited as of the end of April.
The other companies are MTN Nigeria...
Banks’ USSD debts to telecom firms hit N47 billion
The total debts owed by banks to telecommunications service providers arising from the use of Unstructured Supplementary Service Data (USSD) have risen from N42 billion to N47billion.
USSD is a Global System for Mobile Communications (GSM) protocol...
Stock Market Declines As 14 Firms Record Losses
The stock market closed on a negative note on Monday as 14 companies saw their share prices decline at the end of trading on the Nigerian Exchange Limited.
The NGX All-Share Index fell by 0.44 per cent to...
Investors Stake N16bn On 1.4 Billion Shares
The Nigerian equities market attracted investment inflow of N15.918 billion last week staked on 1.419 billion shares in 18,459 deals.
This indicated an increase by 46.3 per cent from the N10.883 billion invested in 1.441 billion shares in 19,614...
