Unpacking Nigerian telecom earnings
In its 9-month financial statement, MTN Nigeria recorded a 28.9 per cent increase in its Profit-After-Tax. Meanwhile, Airtel Africa’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margin grew by 43.9 per cent in its half-year 2020 earnings driven by improved efficiency in Nigeria. David Adu, Senior Analyst at Meristem Securities joins CNBC Africa for more.
Nigeria's equities extend losses, led by banking stocks
Nigeria's equities market extended losses from Monday as MTN Nigeria, Stanbic IBTC and GT Bank top today's losers chart. Rotimi Fakayejo, Stockbroker and Capital Market Analyst joins CNBC Africa for more.
MTN Nigeria shares drop as EFCC investigates listing
MTN Nigeria shares are down 7 per cent after the telecoms firm confirmed that it received a letter from Nigeria's Economic and Financial Crimes Commission requesting information and documentation relating to the listing of its shares on the Nigerian Stock Exchange by way of Introduction. Chinedu Anozia, CEO of AUX Capital joins CNBC Africa to discuss this story and other headlines around Nigeria’s equities market.
Understanding MTN Nigeria’s legal battle with attorney general
The Federal High Court in Lagos has ruled against the preliminary objection filed by Nigeria's Attorney General in response to the three billion Naira suit filed against him by telecoms operator MTN Nigeria. The court ruled that MTN Nigeria met the deadline to respond to the tax demand levelled by the Attorney General of the Federation.
MTN Nigeria postpones listing on NSE
Nigeria's largest telecommunications company MTN Nigeria has postponed plans to list on the Nigerian Stock Exchange citing macroeconomic conditions.