Airtel Africa announced sale of its tower’s infrastructure assets in Tanzania for $175 million.

    By Financescape   Airtel Africa a leading provider of telecommunications and mobile money services which offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally has set sale of tower portfolio in Tanzania for $175 million.   […]

MTN NIGERIA COMMUNICATION PLC ANNOUNCED THE COMPLETION OF ISSUANCE OF N110 BILLION SERIES 1 7-YEAR 13.0% FIXED RATE BONDS DUE 2028 UNDER ITS N200 BILLION BOND ISSUANCE PROGRAM

    By Financescape   MTN Nigeria Communication Plc, a telecommunication service provider in Nigeria announced the completion of its (series 1 Bond) debt capital under the N200,000,000,000 Bond Issuance Programme. The company had earlier declared its intention to raise N100 billion in Series I of the registered Shelf program adding that the Series I […]

OKOMU OIL PALM COMPANY PROPOSED A DIVIDEND OF N7.00 TO ITS COMPANY SHAREHOLDERS FOR PERIOD ENDED 31TH DECEMBER, 2020.

    By Financescape   OKOMU OIL PALM COMPANY PLC a Nigeria-based company specialized in producing and marketing palm oil and natural rubber has proposed to pay a dividend of N7.00 per 50kobo ordinary share to shareholders of the company whose names appear in the registrar of members on the 13th May 2021.     […]

Airtel Africa Plc Announced the Signing of a $500m Loan Facility with a Group of Relationship Banks.

    By Financescape   Airtel Africa, a leading provider of telecommunications and mobile money services, today announced that the company has successfully signed a new $500m loan facility with a group of relationship banks. The committed facility consists of a combination of a revolving credit facility and term loans with tenor of up to […]

Zenith Bank Plc’s Group Managing Director acquired 5,000,000 additional shares of the company

  By Financescape   The Group Managing Director of Zenith bank plc Mr. Ebenezer Onyeagwu has acquired additional 5,000,000 units of zenith bank plc shares. According to notice sign by the company secretary/General counsel and send to the Nigeria Stock Exchange and the investing public the transaction was executed on the floor of the Nigeria Stock Exchange […]

Interswitch Limited Completes N23 Billion Bond Placement

  By Daniel Anomietei/Mediacraft   Following the registration of a N30 billion debt issuance programme (the “Programme”) with the Securities and Exchange Commission of Nigeria (“SEC”), Interswitch Limited (the “Sponsor” or “Interswitch”), a leading technology-driven company focused on the digitisation of payments in Nigeria and other African countries, has successfully concluded a N23 billion Series […]

Africa’s Real Estate Sector Continues To Evolve Despite Market Volatility

    By Daniel Anomietei/Mediacraft   JOHANNESBURG, 2 OCTOBER 2019:  Over the last year changes in Africa’s regulatory environments, coupled with constant swings in commodity prices as well as heightened political and economic tensions, have resulted in ongoing volatility in the continent’s real estate markets. Despite this, fundamental demand-supply imbalances continue to present a largely […]

Union Bank Secures US$200 million in OPIC Funding for SMEs and Women’s Initiatives

    By Hamisu B. S.   Union Bank of Nigeria Plc. has secured US$200 million in funding via a partnership with the sub-Saharan Africa financial services group, Atlas Mara Limited. in agreement with Overseas Private Investment Corporation (‘OPIC”), the U.S. government’s development finance institution.     In a statement signed by the company secretary […]