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MTN Seeks To Sell $243mn Stake In Jumia Technologies

MTN Seeks To Sell $243m Stake In Jumia Technologies   There are indications that MTN Group Ltd. is planning to sell part or all of its $243 million interest in Jumia Technologies AG as it looks to pay down debt and enter new markets. Reuters, yesterday, said...

MTN Mulls Nigerian Stake Sale

MTN Mulls Nigerian Stake Sale   MTN Group may consider a phased sale to reduce its majority stake in its Nigerian business but still plans to proceed with the disposal, according to Bloomberg report. Group Chief Executive Officer Ralph Mupita said in an interview that the impact...

Total To Sell Off 12.5% Stake In Nigerian Oil Block

Total To Sell Off 12.5% Stake In Nigerian Oil Block   Total Group is seeking to sell its 12.5 per cent stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources said, in an effort to adjust the energy company’s Africa...

As Bourse Re-Opens Bullish, Investors Stake N106b In One Month

As Bourse Re-Opens Bullish, Investors Stake N106b In One Month   Transactions on the equities sector of the Nigerian Stock Exchange (NSE) peaked at N106 billion last month (April), as investors exchanged a total of 8.4 billion shares in 92,807 deals. A breakdown of the activities for...