Augusto & Co. has upgraded MTN Nigeria’s long-term national scale rating to Aaa, from Aa+, while affirming its short-term rating at A1+ with a stable outlook. The Pan-African credit rating agency cited the telecommunications company’s stronger earnings, robust cash generation, improved liquidity and lower debt profile. The rating, disclosed by MTN Nigeria to the Nigerian […]
Read MoreIHS Holding Limited, (NYSE: IHS) (“IHS Towers” or the “Company”), one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count, has announced that it has entered into a merger agreement (the “Agreement”) to be acquired by MTN Group Limited (“MTN”), a pan-African mobile operator, for $8.50 […]
Read MoreMEXC, the world’s digital asset exchange and a pioneer of true zero-fee trading, released its February Proof of Reserve report, confirming that all major assets maintained reserve ratios above 100%. BTC reserve coverage rose to 267%, demonstrating the platform’s continued commitment to transparency and user asset protection. The February report shows reserve ratios of 267% […]
Read MoreMTN Nigeria’s strategic decision to invest over ₦32.23 billion through its Foundation is a calculated move to reinforce its status as a responsible corporate citizen while driving its “Shared Value” objective across Nigeria. This monumental social investment is deployed across youth empowerment, digital inclusion, and national development, ensuring the company’s growth is inextricably linked to […]
Read MoreThe Dangote Group paid over N402 billion in taxes in 2024 to the government making it the highest taxpayer in the country. Consequently, the Federal Inland Revenue Services (FIRS) has named the Dangote Cement Plc as the most tax-paying compliant organization in Nigeria in 2025 by the tax authority, The award was bestowed on Dangote […]
Read MoreIHS Nigeria, a New York Exchange listed company increased her revenue by 10.6% year-on-year to $268.0 million. According to the latest financail report made available to TechnologyMirror, the impressive report was driven by organic growth during the period and supplemented by favorable movements in the Naira versus the U.S. dollar. New York Stock Exchange […]
Read MoreMTN 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 […]
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