MTN Nigeria made a whooping sum of N3.7 trillion service revenue, and increase 12.8 percent while her subscriber base went up by 11.0 percent to hit 85.4 million as at the close of its financial books 30 September 2025 on the Nigerian Stock Exchange (NGX). According to the financial records of the leading telecoms operator […]
Read MoreAfrican Export-Import Bank (Afreximbank) has announced the signing of a US$1.35 billion financing facility in favour of Dangote Industries Limited (DIL). The facility is part of a larger approximately US$4 billion syndicated financing arrangement for Dangote Industries Limited (DIL), Africa’s largest industrial conglomerate. Afreximbank acted as the Mandated Lead Arranger, for the syndication. This financing-one […]
Read MoreAirtel Africa Plc has been able to grow her customer base by 9.0% hitting 169.4 million, with data customers increasing by 17.4% to 75.6 million as the pan-African operator focuses on bridging the digital divide across all her markets. According to the statistics from results of her quarter report ended 30 June 2025, Airtel Africa […]
Read MoreAirtel Africa continued investment of $670m in network expansion and modernisation to boost speed, coverage and capacity has began to pay-off as the telecoms company revealed that it so far 36,159 4G infrastructure sites, including more than 15,300 in rural areas. The leading provider of telecommunications and mobile money services across 14 African countries in its […]
Read MoreMTN Nigeria has announced a massive capital expenditure (CAPEX) drive for 2025, nearly doubling its investment to almost 900 billion Naira, as it seeks to significantly enhance network service quality in major cities like Lagos and Abuja and extend improvements to other areas. This financial commitment, up from a combined total of approximately 440 billion […]
Read MoreMTN Nigeria is on a clear path to resuming dividend payments to its shareholders, driven by the successful implementation of its comprehensive five-point strategic recovery plan. The company will not only eliminate its negative shareholder funds but also build up sufficient distributable reserves within the current year, paving the way for future dividends. The Chief […]
Read MoreAirtel Africa grew her revenues by 21.1 percent to $4,955m grew in constant currency but declined by 0.5% in reported currency as currency devaluation impacted reported revenues, according to results for year ended 31 March 2025. The African brand report revealed that strong execution and the tariff adjustments in Nigeria contributed to a further quarter […]
Read MoreMTN Nigeria Communications Plc has returned to profitability after the mishap in its financial books last year. Latest financail releases of unaudited results for the quarter ended 31 March 2025 by the leading Africa’s telecoms company revealed a whooping service revenue of N1.0 trillion. The financial books made available to TechnologyMirror said that service revenue […]
Read MorePricewaterhouseCoopers said it has shut down its offices in nine Sub-Saharan African countries. It listed Ivory Coast, Gabon, Cameroon, Madagascar, Senegal, the Democratic Republic of Congo, Republic of Congo, Republic of Guinea, and Equatorial Guinea as countries affected. In a statement published on its website, the accounting firm said the move was part of a […]
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MTN Nigeria has given 33 senior executives 1.3 million shares as part of its long-term incentive strategy. The allocation, revealed in regulatory filings with the Nigerian Exchange Limited, took place between March 26 and 28, 2025, as part of the telecom giant’s Performance Share Plan (PSP). The PSP is intended to reward high-performing employees and […]
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