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Airtel Africa

Airtel Africa’s CEO, Olusegun Ogunsanya, Sells 13.34% Stake In Telco

The Chief Executive Officer of Airtel Africa, Olusegun Ogunsanya, has sold 13.34 per cent of his stake in the telecommunications company, according to corporate filings obtained on Monday. Prime Business Africa gathered from the corporate document obtained from the Nigerian Exchange Limited

August 15, 2023

$471 million Lost To Nigeria’s Naira Devaluation – Airtel Africa Reveals

Business

Airtel Africa Loses $471 million To CBN’s Naira Devaluation

Airtel Africa has disclosed that the company suffered a foreign exchange loss of $471 million in the second quarter (Q2) of 2023. Despite the loss, the chief executive officer of Airtel Africa, Olusegun Ogunsanya, welcomed the naira devaluation by the Central Bank

July 28, 2023

Business

Data Prices, Airtime Tariff Set To Rise, As MTN, Airtel, Others Review Costs

MTN Nigeria, Airtel Africa and other telecommunications companies under the telco group, Association of Licensed Telecoms Operators of Nigeria (ALTON), have revealed they are planning to increase prices of data and call tariffs. The network providers said they can’t afford to bear

June 27, 2023

'Tinubu's FX Reforms Will Boost Investors' Confidence In Nigerian Market'

Business

Airtel Africa Chairman Says Tinubu’s FX Reforms Will Boost Investor Confidence

Chairman of Bharti Airtel Limited, Sunil Bharti Mittal, has applauded the foreign exchange reforms embarked on by Nigeria’s President Bola Tinubu.

June 20, 2023

Business·Markets·Technology

Mobile Money, Voice, Data Drive Airtel Africa To Double-digit Revenue Growth

The financial year ending March 31, 2023 gave Airtel Africa Plc double-digit revenue growth and resilient margin, with its revenue in constant currency growing by as much as 17.6%, and 11.5% to $5.255 million in reported currency. Airtel Africa is a leading

May 12, 2023

Business

Trillionaire Club: Five Most Valuable Companies In Nigeria Worth N19.32 trillion

The trillionaire club is not for everyone, nor is it for every company. Only a handful has made it to this exclusive list out of the over 150 companies publicly listed in the Nigerian stock market. As of Thursday, 4 May, there

May 5, 2023

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Shares Of Airtel Africa, Flour Mill Slump, Cost Stock Market Investors N553.70 billion

The Nigerian stock market capitalisation closed at N28.88 trillion, depreciating from N29.43 trillion on Wednesday, 5 April 2023. This means the bourse dipped in value by N553.70 billion. It followed the decline in the All-Share Index which closed down at 53,018.97 ASI

April 5, 2023

Five Blue-chip Stocks That Beat Nigeria’s 2022 Inflation Rate

Business·Insights·Markets

5 Blue-chip Stocks That Beat Nigeria’s 2022 Inflation Rate

In 2022, Nigeria experienced historic inflation, with the rate closing in November at 21.47 per cent, the highest level in 17 years. Within 11 months, inflation soared by 37.6 per cent, having posted a 15.6 per cent rate in January 2022. This

January 11, 2023

Business

Airtel Splashes $316.7 million On 5G, 4G, Amid Competition From Elon Musk’s Starlink

Airtel Africa has acquired 5G spectrum and more 4G spectrum for its operation in Nigeria, as the company look to improve its internet service amid competition from Elon Musk’s Starlink, MTN and other industry rivals. According to the Group Company Secretary, Simon

January 9, 2023

Business·Markets

Investors Lose N429.76bn To Sell-offs In Airtel Africa, Prestige, Others

Sell-off in Airtel Africa, Prestige, and other equities plunged the Nigerian market capitalisation by -1.52 per cent on Thursday, representing N429.76 billion loss. As a result, the market capitalisation dropped to N27.70 trillion from N28.13 trillion. This was due to the All Share

January 5, 2023

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Airtel Africa

Airtel Africa’s CEO, Olusegun Ogunsanya, Sells 13.34% Stake In Telco

Airtel Africa Loses $471 million To CBN’s Naira Devaluation

Data Prices, Airtime Tariff Set To Rise, As MTN, Airtel, Others Review Costs

Airtel Africa Chairman Says Tinubu’s FX Reforms Will Boost Investor Confidence

Mobile Money, Voice, Data Drive Airtel Africa To Double-digit Revenue Growth

Trillionaire Club: Five Most Valuable Companies In Nigeria Worth N19.32 trillion

Shares Of Airtel Africa, Flour Mill Slump, Cost Stock Market Investors N553.70 billion

5 Blue-chip Stocks That Beat Nigeria’s 2022 Inflation Rate

Airtel Splashes $316.7 million On 5G, 4G, Amid Competition From Elon Musk’s Starlink

Investors Lose N429.76bn To Sell-offs In Airtel Africa, Prestige, Others

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