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AugNigerian stock market on Thursday declined as MTN Nigerian and other 14 stocks shed weights The All Share Index dropped by 0.12% to close at 50,014.60 points from the previous close of 50,075.47 points. The Market Capitalisation declined by 0.12% to close at N26.976 trillion from the previous close of N27.009 trillion, thereby shedding N33 billion. An […]
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AugPresident Buhari has reversed his authorisation for the acquisition of the entire share capital of Mobil Producing Nigeria Unlimited by Seplat Energy Offshore Limited. The move puts the Presidency on the side of the Nigerian National Petroleum Company Limited which declined the $1.3bn transaction. On Monday, a statement by the Special Adviser to the President on Media[…]
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[…]
