JUST IN: Fuel Crisis Cripple Q4 Earnings, Profit Fell by $1.1m After Naira Devaluation, Says Airtel Africa CEO
The substantial increase in fuel prices and the lower contribution of Nigeria to the Group after the naira devaluation contributed…
TARIFF HIKE IMPACT: MultiChoice Records $38m, Sharp Subscribers Drop Ahead of CanalPlus Acquisition
South Africa’s TV MultiChoice posted a pretax loss of $38 million for the year ending in March, the company said…
Nigeria’s Debt Servicing Gulps $2.2bn in Five Months, Plans More World Bank Loans, Says CBN
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said that Nigeria will be getting some funds from…
NNPCL Denies Inflating Petrol Subsidy by N3.3trl Under Ex-President Buhari
The Nigerian National Petroleum Company Limited has denied reports, that it inflated the subsidy on Premium Motor Spirit by N3.3tn…
Dangote Unveils $100m CDK Truck Plant of 10,000 Annual Capacity as Lagos Places 100 Pieces Order for LAWMA
The multi-million dollar world-class Dangote Sinotruk West Africa Ltd CKD Plant established by the business mogul, Aliko Dangote was has…
JUST IN: Airtel Africa Invests $1.2m in Training & Devt, Connects 1,200 Schools in UNICEF Partnership
The advancing digital learning project of Airtel Africa, which cuts across Africa in five-year plan gupls $57m partnership with UNICEF,…
Shareholders Applaud Ecobank Group for Hitting $2bn Mark in 10 Years for
Shareholders of Ecobank Group has applauded the Group’s strong performance in 2023 with its net revenues exceeding US$2 billion mark…
JUST IN: Afreximbank Disburses Additional $925m to Nigerian Govt in Oil-for-Loan Agreement.
African Export-Import Bank (Afreximbank) has announced an additional disbursement of US$925 million under the syndicated US$3.3 billion crude oil-backed…
IHS Unveils 2023 Sustainability Reports, Invested Over $29m in Community-focused Initiatives
IHS Holding Limited group, one of the largest independent owners, operators, and developers of shared communications infrastructure in the world…
BDCs Operators Get December Deadline to Reapply as CBN Gives Fresh Guidelines
The Bureau de Change (BDC) operators in Nigeria have till December this year to reapply and the Central Bank of…