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Telecommunications

Airtel fixes exchange rate at N858/$ for interim dividend

An announcement made by Airtel Africa Plc has revealed that its shareholders would get the interim dividend for the six-month period that concluded in September 2023 in Naira at a rate of N858.24 per dollar. The Punch reported that the Nigerian Exchange Limited received a corporate notification on Tuesday with the headline “Announcement of Interim Dividend Currency […]

Indian firm increases Airtel stake with £57m share purchase
Business

Indian firm increases Airtel stake with £57m share purchase

A firm, Indian Continent Investment Limited has acquired £57.25m worth of shares to strengthen its ownership position in Airtel Africa. The Punch reported that the Mauritius-based Indian Continent Investment Limited purchased 53,500,000 Airtel Africa units at a cost of £1.07 per unit, according to a corporate notice it filed with the Nigerian Exchange Limited on Thursday. […]

Airtel Africa purchases 491,861 shares from Citigroup Global
Telecommunications

Airtel Nigeria denies contracting solar projects to power 600 base stations

Airtel Nigeria, a telecommunications service provider, has denied a recent allegation that it had contracted WATT Renewable Corporation to supply more than 32MW of installed solar PV and storage over 600 cell sites in Nigeria. According to The Times, the Director of Corporate Communications and CSR at Airtel Nigeria, Femi Adeniran, claimed in a statement that Airtel Nigeria’s […]

Airtel, MTN, others must get ad campaign approval - NCC
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Airtel, MTN, others must get ad campaign approval – NCC

The Nigerian Communications Commission has introduced new guidelines requiring MTN, Airtel, Glo, and other Mobile Network Operators to obtain the commission’s approval before running advertising campaigns. These guidelines aim to regulate the conduct of promotional activities by MNOs in Nigeria. Under the 15-page document, MNOs must submit a written request to the NCC for approval […]

Airtel launches 5G network in Kenya
News Tech

Airtel launches 5G network in Kenya

Following months of testing, Airtel is now the second telco to roll out 5G in Kenya after Safaricom did so in October 2022. Eliud Owalo, Kenya’s cabinet secretary for ICT, and Ezra Chiloba, the director-general of the Communications Authority of Kenya (CA), attended the event where Airtel, the country’s second-largest network operator, introduced the product. […]

Airtel Africa purchases 491,861 shares from Citigroup Global
News

Airtel Africa awards top directors £2.3m in shares

Two of Airtel Africa Plc’s top directors, Olusegun Ogunsanya and Jaideep Kishore Paul, have received shares worth £2.3 million. According to the company’s announcement, the shares were given out in accordance with the company’s Long-Term Incentive Plan, which was created to reward directors for their long-term success. The CEO of the company, Ogunsanya, received 1,420,828 […]

PHOTOS: Tinubu meets Airtel board in Aso Villa
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PHOTOS: Tinubu meets Airtel board in Aso Villa

  Kazeem Owoseni The President, Bola Ahmed Tinubu on Monday, held a meeting with members of the Airtel board at the Presidential Villa Abuja. The President who disclosed this through his Twitter handle on Monday night, revealed that his administration is always ready to discuss with investors, who are ready to commit resources to the […]

NCC dismisses rumors of telecom tariff increase
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Phone users hit 233m, add 2.5trn to GDP – NCC

The National Communications Commission has stated that as of April 2023, there were 223.8 million mobile phone customers in Nigeria, and in the first quarter of 2023, telecommunications and ICT services contributed N2.508 trillion to the country’s GDP. According to Nairametrics, the NCC’s director of public affairs, Reuben Muoka, revealed this in a statement on Tuesday. […]

Airtel launches Women Network to deepen gender equality
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Airtel launches Women Network to deepen gender equality

  Kazeem Owoseni   In its quest to encourage and deepen gender equality in Africa, the telecommunication network, Airtel Nigeria has launched Women’s network. Women Network is a platform created by Airtel, to empower and mentor women to become global leaders while also breaking stereotypes and closing gender gaps. However, the launch of the first […]

Airtel Africa to sell 20% Ugandan subsidiary stake via IPO 
Telecommunications

How Airtel Africa investors lost N556bn in one day

Airtel Africa Plc, one of the largest telecoms companies listed on the Nigerian Exchange Group Plc, suffered a loss of around N556 billion at the end of Wednesday’s trading session as the domestic market continued under sell pressure. Nairametrics reported that the benchmark index completed the trading day at 53,018.97 points as the market continued […]

Airtel Africa to build 34MW data center in Nigeria
Telecommunications

Airtel commissions Gombe’s largest primary school

Airtel Nigeria, a telecommunications company, announced the opening of its seventh adopted school, Government Day Primary, as part of its ‘Adopt-A-School’ corporate social responsibility initiative. According to a statement released by Airtel on Tuesday, the project was inaugurated on March 24, 2023, in Pantami, Gombe State, by the Emir of Gombe, Alhaji Shehu Abubakar, and […]

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