Airtel plans IPO, to list on London Stock Exchange
Airtel Africa Plc, has announced that its mobile money subsidiary, Airtel Mobile Commerce N.V., known as Airtel Money, intends to proceed with an Initial Public Offering (IPO) and seek admission to trading on the London Stock Exchange. The announcement was made in a statement by Mr Simon O’Hara, Airtel’s Group Company Secretary, and released on […]
IFC, Africa Fund provide N11bn loan to Diamond Bank
The International Finance Corporation, IFC and the Africa Capitalization Fund, yesterday, announced plans to provide a convertible loan facility, worth about N11.2 billion ($70 million) to Diamond Bank Plc.
FIIRO refutes IITA’s claim on cassava bread initiative
FEDERAL Institute of Industrial Research, Oshodi (FIIRO) has flayed International Institute of Tropical Agriculture (IITA) over its claim to have initiated cassava bread production.
Osun to tap into Lagos N3.5bn food market
The Government of Osun State has said that it is prepared to take advantage of the Lagos State’s N3.5 billion daily food commodities that exchange hands in markets to be facilitated through free rail transportation.
FSDH Securities forecasts decline in Nigeria’s GDP to 7%
FSDH Securities Limited, an investment banking firm in Nigeria, has reviewed its upper limit of the Gross Domestic Product (GDP) growth forecast downward to 7 per cent in 2012 from 7.5 per cent. With this, its GDP growth rate forecast range was put at between 6.5 per cent and 7 per cent.
MultiChoice announces price increase
MultiChoice, Nigeria, a pay-TV provider, has announced an offer for DStv subscribers following an upward review of its subscription fees with effect from October 1, 2012, whilst saying that subscribers who renew their subscription before it expires stand to pay 10 percent less on the old tariffs.
