August 26, 2024/CSL Research The recent abduction at gunpoint of 20 medical students from the Jos Teaching Hospital in Benue State, while they were en route to a conference, highlights the worsening security situation in Nigeria. This incident, which drew intense public pressure from the National Association of Nigerian Students […]
Author: InvestAdvocate
Airtel Africa Q1 2025: Reduced FX Loss Drives Return to Profitability
August 23, 2024/CSL Research Airtel Africa’s topline performance was impacted by a decline in both Voice Revenue (down 23.4% to US$476m) and Data Revenue (down 15.8% y/y to US$409m). However, Mobile Revenue grew moderately (up 10.1% y/y to US$222m). Despite the challenges in Voice and Data Revenue, the company achieved […]
Afreximbank Facilitates $650-Million Financing for Oando’s Acquisition of Nigerian Agip Oil Company Limited’s 20% Interest in Nigerian Joint Venture
Also participating in the transaction were Indorama Eleme Petrochemicals Limited, with US$150 million, and Mercuria Energy Group, with US$150 million August 23, 2024/Afreximbank African Export-Import Bank (Afreximbank) has successfully arranged a senior US$500-million and a junior US$150-million reserve-based lending facility for Oando Petroleum and Natural Gas Company Limited. The facility […]
