MTN’s Nigerian unit now most valuable stock in NSE
Telecom giant, MTN Nigeria Communications Plc. has become the most valuable company on the Lagos Stock Exchange (NSE).
The company which listed on the Nigerian stock market only three months ago, had achieved a market capitalization of N2.82 trillion ($7.82 billion) as of Monday’s close of trading.
The mobile phone company has overtaken Dangote Cement Plc, owned by Africa’s richest man, Aliko Dangote.
Related Posts
WIOCC secures $65m sustainability-linked financing to boost Africa’s digital infrastructure
WIOCC Group, Africa’s foremost open-access digital infrastructure provider, has successfully raised an additional $65 million in sustainability-linked debt…
By
PZ Cussons abandons Africa sell-off, bets big on Nigeria and continent’s growth
PZ Cussons Plc has dramatically reversed course, scrapping plans to divest its African subsidiaries and instead unveiling an…
Kenya overtakes Nigeria as Africa’s fastest-growing private-sector economy
Kenya has seized the crown as Africa’s fastest-expanding private-sector economy, ending Nigeria’s long dominance, according to the latest…
Greenwich Holdings appoints Samson Ariyibi as Group MD
Greenwich Holdings Limited (GHL) has appointed Mr. Samson Oyewale Ariyibi as its first Group Managing Director/Chief Executive Officer,…
Gallery
