Bharti Airtel Ltd. reported a lower-than-expected quarterly profit as gains from tariff hikes failed to offset the drag from a one-time charges due to foreign exchange...
The Naira, Nigeria’s currency, has been ranked among the 10 worst-performing currencies in the world, according to a report by Bloomberg. The report outlined that five...
MTN, telecoms firm at the weekend dismissed complaints against Ralph Mupita, chief executive officer (CEO) for alleged favouritism after an independent report cleared his name. It...
FCMB Asset Management Limited (FCMBAM), acting as Sponsor and Fund Manager, with technical support from TLG Capital Investments Limited (TLG Capital), United Kingdom, recently launched Nigeria’s...
President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app...
Repairs and revenue losses from damaged cables are estimated to have cost Nigeria’s telecom industry almost N27bn ($23m) in 2023, according to documents obtained by Bloomberg....
Central Bank of Nigeria (CBN) uncovered invalid foreign overdue claims totalling $2.4 billion, which have pressured the naira for long and spooked the currency market, Olayemi...
FirstBank UK, the United Kingdom subsidiary of First Bank Nigeria Limited, has been onboarded on Bloomberg’s Trade Order Management System to enhance its Fixed Income workflow....
A company owned by Pramod Mittal, an Indian businessman who was the chairman of Ispat Industries Limited (now JSW Ispat Steel) is reportedly getting almost $500...
Central Bank of Nigeria (CBN) continued financing of the government’s fiscal deficit is limiting the impact of its longest phase of monetary tightening since 2011 as...
