Airtel Africa Plc has announced the signing of a $125m revolving credit facility with Citi through its branch offices/subsidiaries in sub-Saharan Africa. In a notice to the Nigerian Exchange, Airtel Africa stated thus: “This facility is in line with our strategy to raise debt in our local operating companies and will include both local currency and US […]
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AugThe Nigerian equity market on Wednesday bounced back from two previous bearish sessions driven mainly by 9.96% price appreciation in Dangote Cement as the All Share Index rose by 1.47% to settle at 50,075.49 points from the previous close of 49,350.71 points. The Market Capitalisation grew by 1.47% to close at N27.009 trillion from the previous close[…]
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AugDangote Cement last week published its half year report for the period ended 30 June 2022. A turnover of N808.037 billion was reported for the 6 months period, up by 17.01% from N690.545 billion reported the previous year. Profit after tax of the Group dropped year on year by 10.19% to N172.104 billion from N191.63 billion reported[…]
