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AIRTEL AFRICA
Telecommunication company, Airtel Africa, has said it could lose up to $4 million in monthly revenue due to the ongoing verification of customers' National Identification Numbers (NIN) in Nigeria.
The NGX has recognized five companies, namely Geregu Power Plc, United Capital, Infinity Mortgage Bank, Briclinks Plc, and Airtel Africa for their high corporate governance practices.
Airtel Africa has bought back $25.8 million worth of its shares since the start of its $100 million share buyback programme on March 1, 2024.
Airtel Africa has selected N1485.99/$ as the exchange rate for its 2023 final dividend.
Airtel Africa has confirmed that its subsidiary, Bharti Airtel International (Netherlands) B.V., has completed a $550 million bond repayment that was due this month.
On Thursday, 1.009 million shares of Airtel Africa were traded, leading to the group's market value rising by N665 billion to N8.08 trillion.
Airtel Nigeria’s SmartCash Payment Service Bank (PSB) recorded 1.5 million active users at the end of March 2024.
Airtel Africa in February 2024, announced its intention to initiate a share buyback program following the disclosure of a negative Basic EPS in its financial results for the first nine months of 2024.
Paul Arkwright who served as the UK High Commissioner to Nigeria between 2015 and 2018 has appointed on the board of Airtel Africa.
Airtel Africa Plc released its full-year financial statement for the year ending March 31, 2024. The company posted a loss after tax of $89 million during the fiscal year, a significant decline from the $750 million profit after tax recorded in the previous fiscal year.
This week started on a bearish note in the NGX as the market posted a 0.89% decline to close with an All-Share Index of 98,703.68 points, marking a 883.57-point decline from last Friday’s 99,587.25 points.
The telecom stock dropped by a maximum of 10% to close at N1,980 per share from N2,200 which was the opening figure before the commencement of the day’s trading.