October 4, 2021/CSL Research Yesterday, Airtel Africa, the second-largest mobile operator in Africa by active subscribers, announced plans to buy back the 8.27% minority shareholdings in its subsidiary, Airtel Networks Limited (Airtel Nigeria). Details from the offer document revealed that Airtel Africa is offering N55.81 per share, which by implication, […]

October 4, 2021/Coronation Research Last week, we discussed the performance of the equities market and stated that it is time to give Nigerian stocks another look. Today, we look at the trends in the fixed income market and expand on why we think fixed income will remain not an easy […]

October 4, 2021/CSL Research According to the recent data on key industry fundamentals published by the Nigerian Communications Commission (NCC), the total number of broadband subscriptions grew by 3.0% m/m to 78.3m in August 2021 but declined by 5.3% y/y. Similarly, broadband penetration snail-paced to 41.0% in August 2021 from […]