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AIRTEL Africa has announced the purchase of 40,000 ordinary shares of $0.50 each from Barclays Capital Securities Limited as part of its share buy-back programme, which was announced on September 22, 2025. The volume weighted average price paid for each share is £370.59, implying that Airtel Africa spent over £14.8 million on the share purchase. […]
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The 2026 could be a turnaround year for the Nigerian economy and the naira in more than a decade, according to an economist, Mr Bismarck Rewane. Mr Rewane, who is the Chief Executive Officer of Financial Derivatives, said a combination of easing inflation, rising investment, major corporate listings and stabilising monetary conditions could propel Africa’s […]
NIGERIA is MTN Group’s biggest market in Africa, yet subscribers feel they are getting just little value from the South Africa-based telecommunications company. In the MTN Group’s third quarter (Q3) 2025 financial statement seen by Economy Post, Nigeria contributed 27.4 percent to the group’s revenue, followed by South Africa’s 20.4 percent, Ghana’s 18.9 percent, and […]
MTN Nigeria Communications Plc, the nation’s biggest telecoms company, raked in N2.4 trillion between January and June 2025 (half year), but the firm has not been able to fix network challenges bedevilling its customers. The telco made N2.362 trillion from data, voice, fintech, digital and other services, including N414.9 billion profit after tax within the […]
LIFE is getting tougher and harder under President Bola Tinubu administration. Petrol cost has risen nearly five times since Mr Tinubu became president on May 29 2023, with ripple effects on income and cost of living. Telecom firms have made the life of consumers difficult, raising voice and data tariffs by 50 percent. Multichoice has […]
MTN Nigeria is technically insolvent or bankrupt as its liabilities surpassed assets in 2023, Economy Post‘s analysis of the telco’s full-year financial statement has shown. MTN Nigeria’s total assets stood at N3.189 trillion in the year ended December 2023 while total liabilities were valued at N3.229 trillion at the same period. According to Investopedia and […]
MTN Nigeria has gone on appeal to challenge a $47.8 million tax liability imposed on it by the Federal Inland Revenue Service (FIRS) on behalf of the Nigerian government. In its full-year 2023 financial statement, MTN Nigeria recounted its experience with former Attorney-General of the Federation, Mr Abubakar Malami. The telecoms giant said Mr Malami […]