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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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[…]
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AugSeplat Energy Plc has announced that it has received a letter from the Honourable Minister of State for Petroleum Resources notifying Seplat Energy that His Excellency, President Muhammadu Buhari has approved that Ministerial Consent be granted for cash acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from its shareholders. The buyer is Seplat[…]
