MTN Nigeria Shares Hit Record High After $6.2 Billion IHS Acquisition
MTN Nigeria Communications Plc shares climbed to an all-time high on Thursday after investors welcomed parent company MTN Group’s $6.2 billion acquisition of IHS...
UBA UK Seeks to Anchor Africa’s Trade Finance Expansion
The chief executive of United Bank for Africa’s UK subsidiary has outlined a strategy to position the lender at the center of efforts to...
Dangote Ties Naira Outlook to Industrial Reform, Signals Generational Transition
Africa’s richest businessman, Aliko Dangote, said Nigeria’s currency could strengthen to around N1,100 per dollar this year if current industrial and fiscal reforms are...
Nigerian Stocks Jump 4.4%, All-Share Index Tops 190,000 for First Time
The Nigerian equities market posted its strongest daily gain of the year, with the benchmark index climbing above 190,000 points for the first time,...
MTN Agrees $6.2 Billion All-Cash Acquisition of IHS Towers
MTN Group has agreed to acquire IHS Towers in an all-cash transaction that values the telecommunications infrastructure operator at an enterprise value of about...
Sterling Secures Regulatory Clearance for N153bn Capital Injection
Sterling Financial Holdings Company said it has fully recapitalised its core subsidiaries, Sterling Bank and The Alternative Bank, in compliance with revised minimum capital...
