Airtel Archives — City Business News

June 12, 2023 No Responses

At NDSF 2023, Stakeholders Restate Importance Of 5G Services

Stakeholders in the Information and Communication Technology (ICT) industry have restated the value of the Fifth Generation (5G) services, especially on the positive use of the internet to ease connectivity.They also noted that 5G technology has enhanced capabilities that will...

June 9, 2023 No Responses

Telecom Sector Contributes N2.508Tri To Nigeria’s GDP

The telecommunications and Information Services sector in Nigeria has, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product (GDP), representing 14.13 per cent. F...

May 9, 2023 No Responses

Airtel Pays NCC N58.7b For Spectrum License Renewal

Airtel Nigeria, a subsidiary of Airtel Africa has paid N58.7 billion to the Nigerian Communications Commission (NCC) to renew its 2×10 MHz 2100 MHz spectrum license. A statement to the Nigerian Exchange Limited (NGX) signed by Company Secretary Simon O’Hara...

May 4, 2023 No Responses

Airtel Nigeria Gets New MD/CEO

Airtel Africa has announced the appointment of Carl Cruz as Managing Director and Chief Executive Officer of Airtel Nigeria. The appointment which takes effect from 5th May 2023, will also see Mr. Cruz join the Executive Committee as the Regional...

July 17, 2022 No Responses

Airtel Nigeria Appoints Adebimpe Ayo-Elias as New Human Resources Director

Airtel Nigeria, telecommunications services provider has appointed Adebimpe Ayo-Elias as Director of Human Resources and Administration. Airtel in a statement on Saturday said that in her new role, Ayo-Elias would be responsible for driving the communica...

May 28, 2022 No Responses

Market Capitalisation Recovers N504b

The key performance indicators of the Nigerian Exchange closed on Friday with 1.76 per cent growth amid gains in stocks of First Bank of Nigeria Holdings (FBNH), Airtel Africa, amongst others. Specifically, the market capitalisation inched higher by N504...

May 12, 2022 No Responses

Airtel Africa Records 82% Profit Growth

Airtel Africa Plc.’s profit before tax grew by 82 per cent to 755 million dollars in the financial year ended March 31, compared to the corresponding period in 2021. The company stated in Lagos on Wednesday that the strong growth resulted...

April 1, 2022 No Responses

Airtel, Konga Sign MoU To Deepen Online Retail In Nigeria

Airtel Nigeria and Konga, an e-commerce platform, on Thursday signed Memorandum of Understanding (MoU) to deepen the digital and online retail landscape in the country. The News Agency of Nigeria (NAN) reports that the MoU was signed at the Airtel...

November 10, 2021 No Responses

Airtel, MTN, Others Drive NGX Growth Further By N252b

The nation’s bourse extended its upward movement on Tuesday with N252 billion gain as investors staked more money in Airtel Africa and 23 others. Specifically, the market capitalisation which opened at N22.569 trillion inched higher by N252 billion or ...

October 22, 2021 No Responses

Bua Cement, MTNN, Airtel, lift NGX By N237b

Bullish sentiments persisted on the Nigerian Exchange (NGX) Ltd on Thursday with the market capitalisation increasing further by N237 billion due to investors’ sentiment in bellwethers. The bellwethers are BUA Cement, MTN Nigeria Commnuciations (MTNN) ...

October 12, 2021 No Responses

Airtel Africa Appoints Gebreyes As Non-Executive Director

Airtel Africa Plc, a telecommunications and mobile money services company, has announced the appointment of Ms Tsega Gebreyes as an Independent Non-Executive Director with immediate effect. This is contained in a notice signed by Airtel Africa’s Compan...

October 5, 2021 No Responses

Airtel Africa To Buyout Nigerian Minority Shareholding

Airtel Africa has announced that its subsidiary, Airtel Networks Ltd., (Airtel Nigeria) has initiated a process to buy back 8.27 percent minority shareholdings at N55.81 per share. In a statement on Monday, the Group Company Secretary, Mr Simon O’Hara, ex...

September 29, 2021 No Responses

Active Mobile Subscription In Nigeria Hits 189m In August

Active mobile telephone subscription in Nigeria is 189 million as at August 2021. According to the Nigerian Communications Commission (NCC), the breakdown of the statistics indicates that active mobile subscriptions across the networks of MTN, GLobacom, Ai...

August 11, 2021 No Responses

Airtel Africa, Unity Bank Top Gainers’ Chart As NGX Gains N318b

The Nigerian Exchange (NGX) on Tuesday gained N317billion due to buying investors interest in 21 stocks. At the end of the day’s transactions, the market capitalisation rose by N317 billion to close at N20.411 trillion against N20.094 trillion re...