Breaking! French media group, Canal+, offers to buy Multichoice for $1.9bn
French media group Vivendi’s Canal+ made an all-cash mandatory offer on Monday to buy all the shares of South African broadcaster MultiChoice it does not already own for 35 billion…
Jumia shares surge on rumours of Zinox acquisition
May 16, 2022 Speculations of a potential takeover of pan-African e-commerce firm Jumia Technologies by the Zinox Group, Sub-Saharan Africa’s leading tech conglomerate, has seen shares of the e-commerce giant…
Facebook valuation tops $1 trillion after court dismisses antitrust complaint
Mack Zuckerberg and his team are now richer as Facebook shares surged Monday, lifting the company’s valuation above $1 trillion for the first time, after a US court dismissed a…
Jumia: The e-commerce start-up that shamed Africa
A year after its much heralded debut on the New York Stock Exchange, e-commerce start-up Jumia has shut down in three African states, struggled to turn a profit and got…
Litigation drives MTN shares to lowest level since Nigeria listing
Shares in MTN Nigeria dropped on Thursday to their lowest level since the telecom company listed five weeks ago, after a court case about its $2 billion tax dispute with…
NSE: Investors trade 173.55million shares worth N3.71billion
A total of 173.55 million shares valued at N3.71 billion were traded in 3,082 deals on the Nigerian Stock Exchange (NSE) on Thursday. These were against the 246.91 million shares…
Nigeria Stock Exchange: Trading resumes May with 0.09% growth
May 2, 2018 The Nigerian Stock Exchange (NSE) resumed trading for the month on Wednesday after the public holiday with a marginal growth of 0.09 per cent. The News Agency…
NSE market capitalisation dips N57billion, despite Dangote Cement dividend
March 20, 2018 The market capitalisation of the Nigerian Stock Exchange (NSE) on Tuesday depreciated further by N57 billion in spite of N10.50 per share dividend declared by Dangote Cement….