Airtel Africa Plc has said that the latest policy measure by the Central Bank of Nigeria (CBN) unifying the exchange rates at the parallel and the official markets will help in alleviating the challenges faced by businesses in the last few years to access foreign currencies. The telecom company made this in a Notice signed […]
Airtel Africa, the parent company of Airtel Nigeria, has confirmed its payment of N58.7 billion to the Nigerian Communications Commission (NCC) for the renewal of the latter’s 2×10 MHz and 2100 MHz spectrum licences. The company disclosed this in a corporate filing with the Nigerian Exchange Limited (NGX) and that the payment was renewal fee […]
Airtel Africa Plc and the International Finance Corporation (IFC) have signed a $194 million credit facility as part of their collaborative initiative aimed at deepening Internet access in African countries. The deal indicated that the new financing facility aligns with its strategy to meet its commitments and improve its balance sheet through localizing debt within […]
….Airtel Nigeria accounts for 40% of telecom group’s revenue Airtel Africa Plc, has released its full year audited financial statement which indicated that the telecommunications group grew its revenue from $3.89 billion in 2021 to $4.71 billion in the current period, representing a 21.3% growth year-on-year. The financial statement showed that the telecom group’s net […]