Nigeria’s largest mobile carrier, MTN Group said its local unit in Nigeria, MTN Nigeria grew its revenue by 23% for the full year 2018. The group said in its latest disclosure that it delivered a 10,7% increase in constant currency terms. This was led by the growth of 17,2%* by […]
Johannesburg-based MTN Group Limited said it is selling off Mascom Wireless Botswana (Pty) Ltd. Mascom Wireless is its local unit in Botswana where it currently holds 53% of the company’s total equity. In its latest disclosure, the group said: Pursuant to the portfolio review MTN’s 53% shareholding in Mascom Wireless […]
Nigeria’s largest telecom carrier, MTN Nigeria said it is poised to go ahead with its listing on the Nigerian Stock Exchange, NSE, within the first quarter of this year. It would be recalled that the Johannesburg Stock Exchange, JSE-listed MTN Group Limited company said its Nigerian unit will be listing […]
The world’s largest outdoor advertising company, JCDecaux SA, said its consolidated adjusted revenue increased by +3.6% to €3,618.5 million in 2018. Adjusted organic revenue grew by +5.2%. This strong performance reflects both, our exposure to faster-growth markets which represent 37% of our Group revenue, as well as the growing contribution […]
Guaranty Trust Bank plc has released its audited financial results for the year ended December 31, 2018 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial metrics and improved strategic positioning of the brand. Gross earnings for the year grew by […]
Barclays PLC confirms that three directors, Reuben Jeffery III, Dambisa Moyo and Mike Turner, will step down from the Board and not seek re-election at the upcoming AGM on 2 May. As announced previously, both Reuben and Dambisa will have completed nine-years’ service, and under the UK Corporate Governance Code […]
London and Nigeria-listed indigenous oil and gas company, Seplat Petroleum Development Company Plc, said its net profit for the year 2018 fell by 45%. In its latest financial disclosure, Seplat said it recorded a net profit of $147 million for the full year 2018 compared to $265 million it recorded […]
The Central Bank Governor of Nigeria, Africa’s largest economy, Mr. Godwin Emefiele will be leaving the apex bank. Apparently, Mr. Emefiele has completed his 5-year term in office after he was appointed to head the apex financial regulator in June 2014 by former President Goodluck Jonathan. While there are rife […]
SoftBank Group Corp., and Exeger Operations AB today announced entry into a definitive agreement under which SBG invests $10 million in Exeger. In a related development, SB Energy Corp., a Japanese subsidiary of SBG, and Exeger entered into a strategic partnership agreement to accelerate the global rollout of the Exeger […]
America’s telecoms and entertainment giant, AT&T said it has appointed Robert Greenblatt, the former head of entertainment at NBC and Showtime, as the new chairman at Warner Media. With the hiring of Mr. Greenblatt — who has experience as a mainstream broadcaster at NBC and as a programmer of prestige […]