Market reverses previous gains as index plunges by N74 billion
Following sell pressure in some bellwethers, the equities market reversed previous gains at the end of yesterday’s transactions, causing market capitalisation to depreciate by N74 billion.
Leveraging individual support to deliver medical projects in communities
As part of commitment towards impacting lives in communities through sustainable healthcare delivery and education, the MTN Foundation has leveraged on collaborative support across rural communities in Nigeria to deliver impactful projects in villages through its “The What Can We Do Together” initiative.
Bears sustain dominance as prices of major stocks dip
The Nigerian Stock Exchange (NSE), yesterday, sustained a bearish sentiment for the sixth consecutive trading session, as more blue chip stocks depreciated in price, resulting to a further loss...
Market indices slump by 1.4% amid loss of investor confidence
It was another period of pullback at the end of last week’s trading on the equities sector of the Nigerian Stock Exchange (NSE), which resulted in the depreciation of the bourse’s All-Share Index (ASI) and market...
Renewed interest in high cap stocks lift index by 0.7 per cent
After days of downturn, the Nigerian equities market reopened upbeat yesterday, following renewed interest in some bellwethers, as the All-share index gained 0.7 per cent.
Investors lose N109b amid sell-offs in high-cap stocks
Following massive sell-offs in most high cap stocks, Nigeria equities market resumed from the Eid-el-Kabir celebration on a decline, as market capitalisation slumped by N109 billion to close at N13.198 trillion.
MTN Nigeria, Ghana push group’s growth by 30.9%
Combined service revenues in Nigeria and Ghana have further lifted MTN Group’s growth in the first half (H1) of 2019. Specifically, the Group service revenue rose 9.7 per cent to R67.8 billion (rand) in constant currency terms, led by 12.2 per cent growth in MTN Nigeria, its second-biggest African market, and 18.7 per cent in MTN Ghana, and 3.3 per cent in MTN South Africa.
CBN awards MTN subsidiary licence to provide financial services
The Central Bank of Nigeria (CBN) has awarded a subsidiary of MTN a licence that would allow it to provide financial services. CBN last year announced that it would allow telecom companies to provide banking services that are aimed at giving Nigerians without bank accounts access to mobile money services in order to bridge the…
Investors task new MTN board on sound corporate governance, accountability
Capital market investors have urged the new chairman and board directors of the MTN Nigeria, to ensure that it adopts best practice and accountability in its operations,