Spotlights Role of African Philanthropy in Transforming the Development Agenda in Africa March 1, 2024/TEF At a time of renewed geopolitical interest in Africa, and an increasing questioning of traditional development finance models, Harvard Business School today released a case study examining the role and impact of the Tony Elumelu […]
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United Capital Weekly Pan African Monitor Friday 01-Mar-2024
March 1, 2024/United Capital Anglophone West Africa (WAEMU) Nigeria BDC operators plan mergers, fault mandatory deposit The President of the Association of Bureau De Change of Nigeria (ABCON), Aminu Gwadebe, has announced that members of the association would consider mergers if the proposed guidelines for their operations go into effect. […]
MTNN 2023FY: Substantial FX Losses Upends Top-Line Gains
March 1, 2024/Cordros Report MTN Nigeria Communications Plc (MTNN) released its 2023FY financials this morning, reporting a loss of NGN137.02 billion (vs PAT of NGN348.73 billion in 2022FY), resulting in a loss per share of NGN6.38 (2022FY EPS: NGN16.76). The dip in earnings was underpinned by the marked expansion in […]
