Browsing: MTN Nigeria

Big cap stocks are far more profitable with ROE’s of 67 per cent compared to 21 per cent for mid cap stocks. Further, their stock market returns are superior to mid-cap stocks.

Nestle Nigeria had the highest on Return on Equity of 215.4 per cent with a share price at 1,215.00 NGN. While, International Breweries had the lowest Return on Equity of a negative 2.5 per cent with a share price at 4.95 NGN as of September 30, 2022.

Nestle Nigeria Plc listed on the Nigerian Stock Exchange is a food manufacturing and marketing company in Nigeria and a subsidiary of the largest food and beverage company in the world. The company produces an extensive range of products for the retail and wholesale sectors.…

According to the World Bank, the annual SME credit gap in Sub Saharan Africa is about US$330 million. MSMEs are often neglected by lenders due to a combination of factors.

These include the high cost of customer acquisition and due diligence, insufficient data availability for accurate credit assessments, lack of collaterals, uncertain customer lifetime values, and the high costs of distribution and servicing. There is a large opportunity for lenders who are able to overcome these challenges.…

MTN, South African multinational mobile telecommunications company is expecting to gather full-year headline profit up to 50 per cent, which is still a slow-down from the previous years attributed by interest on regulatory fines in Nigeria, Reuters reported.

According to Reuters, MTN, which is due to report 2019 results on March 11, 2020, said headline earnings per share (HEPS) would likely be within a range of 438 cents to 506 cents on the IFRS 16 accounting basis adopted at the start of the year.

That compares to 337 cents in the previous year. On a like-for-like IAS 17 accounting basis, MTN expects to report growth in HEPS – a key profit measure in South Africa that strips out one-off items – of between 55 per cent and 75 per cent.

However, that is still slower than the 85 per cent jump the company reported in 2018. It attributed the …

MTN, the South African telecoms group has said it will invest $1.6 billion in Nigeria days after Nigeria backed down on a $2 billion tax demand.

In a meeting with the president of Nigeria Muhammadu Buhari, a team of four top executives from MTN group and MTN Nigeria said they will invest the money over the next three years.

“MTN announced a capital investment programme of $1.6 billion over the next three years to strengthen and expand its network and operations in the country,” said the company in a statement after the meeting.
Nigeria’s President said, “that the Federal Government of Nigeria is committed to providing an enabling environment for businesses to succeed”.

Also Read: MTN Cameroon gets mobile money accreditation

MTN hopes that the peace pact will mark the end of four years of disputes with Nigeria, which at one time was threatening a fine of $5.2 billion, cut …