MTN Nigeria is returning to the debt market to source N50 billion in commercial paper, the wireless operator said in a statement on Monday, its first since raising N72.1 billion last November. “The issuance is part of the Company’s strategy to diversify its funding sources,” the company stated in a note to the Nigerian Exchange … Read more
The 78.4 per cent leap in the size of trade conducted on Nigerian stocks last week and the considerable rise in the value of those deals affirm faith the market continues to win itself from investors. Equity trading at the Nigerian Exchange for August was almost a half higher in value than a year ago, … Read more
Conglomerate Transnational Corporation Plc (Transcorp) anchored the phenomenal expansion in its net profit for the first quarter of the year on a more-than-threefold increase in the cash earned from energy sales. That alone provided 57.2 per cent of its revenue for the period, figures from the corporation’s latest earnings report showed. Cost efficiency was a … Read more
