Thursday, 12 December 2019

After Successfully Listing On NSE, Airtel Now Ready For MSE


Image result for airtel nigeria list in nigerian stocks exchange

Here’s the story from Nairametrics: Airtel is planning to list on the Malawi Stocks Exchange (MSE). The company has announced it preparedness to list its shares on the floor of the Malawi Stock Exchange. Everybody knows the company is doing very well in Nigeriaexpecially with their Airtel Data Plan
The telecommunications company said it would embark on an Initial Public Offering (IPO) of its Malawian subsidiary on the main market of the Malawi Stock Exchange.
The network provider, which has subsidiaries in 14 African countries, disclosed that its shares would be available for the public to purchase once necessary regulatory approvals had been received. This was made known in a statement published on the Nigerian Stock Exchange (NSE).
Though the company is yet to obtain approval, it said the offering of its shares for sale would also be determined by the condition of the market.
Why is Airtel Africa listing in Malawi? It is listing its shares in Malawi in order to comply with the laws of the country. Section 35 of the Communications Act of 2016, regulation 26 (2) of the communication (Telecommunications and Broadcasting Licensing), Regulations of 2016 and Clause 42.2 of the Subsidiary’s operating license requires the company to have at least 20% local Malawian shareholding.
Though the date for its listing wasn’t disclosed, the company disclosed that its subsidiary had employed the services of Standard Bank Plc in Malawi to act as book runner and as Lead Transaction Advisor to the company.
While Airtel Malawi is one of Airtel’s smaller markets, Airtel Nigeria is its key revenue driver in Africa. The company accounts for network provider in the country behind MTN Nigeria. It listed in Nigeria in July 2019.
By the number of active subscribers in Africa, Airtel Africa is rated as the second-largest mobile operator in Africa behind MTN. The subsidiaries are in Nigeria, Kenya, Uganda, Rwanda, Tanzania, Malawi Zambia, Niger, Gabon, Chad, Congo Brazzaville, the Democratic Republic of the Congo, Madagascar and Seychelles.

Wednesday, 11 September 2019

Is Babcock The Cheapest Private University In Nigeria? The VC Says So

Image result for babcock university

Ok, let me ask, what’s the cheapest private university in Nigeria? someone just said it’s the Ilisan-Remo based Backcock University. Though, the Institution is loved by many in the south-western region of the country but many people think its for the rich and not for everybody, now the President and Vice-Chancellor, Prof Tayo Ademola, has described the institution as the cheapest amongst all private universities in Nigeria

The vice-chancellor stated this during a briefing held on the main campus of the university to mark the 20th year of its existence and the 60th anniversary of the establishment of Babcock College.

Tuesday, 27 August 2019

TECNO Launches AI Triple Camera Phantom 9 Smart Phone In Kenya

Global premier mobile phone brand, TECNO Mobile has launched the latest Phantom series, Phantom 9 with advanced features.

Fans are not disappointed this time as usual after waiting so long for TECNO Mobile to release the much anticipated Techno Phantom 9 smart phone, which if the latest in the Phantom series.

While the previous release, the Tecno Phantom 8 was awesome, the latest release packs even more features like the much touted AI Tripple Camera and what Tecno call a ‘120°Ultra Wide Angle’ Camera which is different from normal angle lens, photos taken by the 120° wide angle lens capture more contents, just like what you are seeing from your own eyes; with this one can record more and express more.

This device comes with an array of enhanced features that takes Smartphone experience to a whole new level. The AI Triple Camera presets on the phantom 9 which includes a 16MP+2MP+8MP for even clearer, wider angle pictures.

“With the amazing AI triple camera plus other wonderful features, photography enthusiasts and business professionals will find new device a great addition to their work and entertainment toolbox,” said Managing Director of TECNO Mobile Stephen HA....
https://investadvocate.com.ng/2019/08/26/tecno-launches-ai-triple-camera-phantom-9-smart-phone-in-kenya-after-launch-in-nigeria/

Wednesday, 10 July 2019

MTN Gained Over 2 Million New Internet Users In May -NCC

Nigeria has gained 3.12 million Internet users in May 2019, the latest monthly Internet subscribers data obtained from the Nigerian Communications Commission has shown.

However, this is lower than the number of new Internet users recorded by mobile network operators in April in which operators gained 3.6 million new users.

The statistics showed that overall Internet users rose to 122,624,417 in May from the 119,506,430 recorded in April, showing a 2.6 per cent growth in subscribers.

According to the data, Airtel, MTN and Globacom gained more Internet subscribers during the month under review, while 9mobile was the big loser. Also, new Internet users were added on the 800 MHz spectrum owned by MTN while the cheap Glo Data Plan for internet users also brought new users to the network.

The breakdown of the statistics revealed that MTN gained the most with 2,406,627 new Internet users, increasing its subscription in May to 52,433,020 from 50,026,393 recorded in April.

The data indicated that Airtel came second with 595,093 new Internet users in May, increasing its subscription to 31,932,750 in May as against 31,337,657 in April.

Also, Globacom gained 198,142 new Internet users in the month under review, increasing its subscription to 28,825,533 in May as against 28,627,391 recorded in April.

The NCC data further showed that 9mobile lost 90,866 Internet users in May and was left with 9,350,477 users in May as against 9,441,343 recorded in April.

The data revealed that 800Hz spectrum MTN got from Visafone recorded 82,637 Internet users in May as against 73,646 in April.

Meanwhile, the number of active subscribers to mobile network services in the country rose marginally by 21,491 in May 2019, the NCC data indicated.

The statistics further showed that while MTN, Airtel and Globacom gained new subscribers in the month of May, 9mobile lost some of its network users.

In April, the four mobile network operators had a total of 173,383,803 active users, which rose to 173,405,294 as of the end of May.

Further analysis of the data indicated that MTN added 80,524 new customers; Globacom gained 91,066 new subscribers; Airtel added 207,091 new users to its network; and 9mobile’s subscribers reduced by 356,826.

According to the NCC data, MTN remains the largest mobile network provider in the country by the number of subscribers, owning 37 per cent market share; it is followed by Globacom with 27 per cent market share.

Airtel is the third largest with 26 per cent market share and 9mobile holds nine per cent market share and the 800Hz Visafone spectrum has one per cent market share.

Tuesday, 9 July 2019

MTN: Best Mobile Network In Nigeria, Best In South Africa

MyBroadband Insights has released its 2019 Mobile Network Quality Report for the second quarter of the year. The data shows that MTN has been crowned as the best mobile network in South Africa once again.
With the help of 11 004 unique Speed Test users, MyBroadband conducted more than 330 000 speed tests through their Android Speed Test App between 1 April and 30 June 2019.
The research shows that South Africa had an average mobile download speed of 25.67 Mbps, up from 24.20Mbps in the previous quarter.
That is not bad, considering that the most recent Open Signal State of Mobile Network Experience report showed that South Africa’s average download speed is 15 Mbps (Megabits per second.)

Best mobile network in South Africa

The MyBroadband report shows that out of South Africa’s mobile service providers, MTN had the highest average download speed with 35.90 Mbps. South African are addicted to the network because of service like the very cheap MTN Data Bundles and other services.
Vodacom was in second place with 29.76 Mbps, followed by Telkom with 23.07, and Rain with 17.91 Mbps. Cell C was last on the list, with only 17.32 Mbps.
The report also shows that there has been a significant increase in network performance from MTN, Vodacom and Telkom in 2019, thanks to the improved LTE coverage and HSPA availability in rural areas.
According to the report, Rain is the only operator that saw a dip in performance during the period from 1 April and 30 June 2019.

Why Today's Airtel Listing On Nigeria Stock Exchange Is Such A Big Deal

Airtel Africa Plc will today begin trading on its shares on the Nigerian Stock Exchange (NSE). Airtel Africa will list its entire paid-up share capital on the NSE under a dual listing arrangement that provides additional window after the telco’s primary listing on the London Stock Exchange (LSE).


The NSE yesterday confirmed that arrangements have been concluded for the admission of the shares of Airtel Africa to its official list today. The NSE has suspended the listing last Friday due to inability of Airtel Africa to meet some listing requirements in time for the listing. Airtel Africa subsequently confirmed at the weekend that it had complied with the outstanding listing requirements.


Many sources at the Exchange confirmed the listing arrangement. Airtel Africa has already credited allotted shares to the Central Securities Clearing System (CSCS) Plc’s accounts of subscribers to its initial public offering (IPO)., one of the outstanding issues that stalled the listing last weekend. The company is one of the most subscribed network providers in the country with different pocket friendly packages like Airtel Data Plan and others including , Airtel Data Plan 4g, airtel data plan unlimited, airtel night plan and so on.


Under the IPO, Airtel Africa allotted 39.23 million ordinary shares to qualified institutional investors and high net worth investors in Nigeria while 704.82 million shares were allotted to other global investors in various jurisdictions outside Nigeria. The shares will be listed at N363 per share. Airtel Africa will be listed on the main board of the Exchange with initial market capitalisation of N1.36 trillion.


Airtel Africa’s shares are expected to be activated on the live trading engine at the NSE in post-midday trading and investors may be able to trade for almost an hour on the shares of Africa’s second largest telco. The management of Airtel Africa will be honoured with a brief ceremony and the beating of the closing gong for the stock market by 2.30pm to commemorate the listing. Airtel has simple instruction on how to check airtel data balance



Airtel Africa’s Nigerian subsidiary, Airtel Networks Limited, second largest telecommunication company in Nigeria, accounts for more than one-thirds of the group’s turnover.

Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr Oscar Onyema, noted that Airtel Africa will be making history as the first telecom company to simultaneously list on both the LSE and NSE.


He said the listing on the Exchange reaffirms Airtel Africa’s long-term commitment to expanding opportunities for Nigerians in addition to providing everyday services to them.

“This listing serves to deepen the telecoms and technology sector for investors and provides an opportunity for a wider group of Nigerians to be part of the African telecoms growth story. This listing is a promising development in Africa with Airtel Africa being the second company to have its ordinary shares listed on both the London Stock Exchange and the Nigerian Stock Exchange,” Onyema said.


He pointed out that the dual listing gives credence to the successful partnership between the LSE and NSE urging similarly situated companies to explore the different opportunities for raising capital on the NSE’s platform.


“Airtel Africa’s listing on the NSE will not only showcase the company as an established player in the African telecommunication industry, but will enable the firm to actualize its strategic vision “To enrich the lives of customers”,” Onyema said.


He assured that the NSE will continue to support the telecom industry and the real sector by promoting efficient capital formation and allocation, enabling industries to raise long-term funds for growth and expansion of their business to reduce unemployment and sustain Nigeria’s economic growth and development.


Airtel Africa will be trailing its closest rival, MTN Nigeria Communications Plc, as the third largest quoted company. MTN Nigeria, the largest telco, was listed in May 2019 with a market capitalisation of N1.83 trillion, making it the second largest quoted company after Dangote Cement Plc.
The listing of MTN Nigeria had triggered a massive rally that market capitalisation of Nigerian equities to a gain of N2.726 trillion in May 2019, one of the two positive months for the Nigerian stock market so far this year.


Market analysts also expected a reasonable enthusiasm for Airtel Africa on debut at the NSE but the wider distribution of its shares due to the IPO may moderate the pricing trend compared with MTN Nigeria’s pricing upsurge.


MTN Nigeria had sustained a day-on-day maximum allowable gain for many days, setting off a major debate about the propriety of the pricing mechanism. However, the NSE affirmed that the pricing mechanism was in line with established market forces.


Airtel Africa’s debut trading on the LSE was however weak, dropping by as much as 16 per cent during the first trading session.

RCCG 2019 Convention: Adeboye Said To Proceed On Spiritual Preparation

Some celebrities and other Nigerians, on Monday, staged a protest at the Redemption Camp on the Lagos-Ibadan Expressway to seek the intervention of the General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, in the current state of insecurity in the country.
The protest, organised by the Creative Industry Group, was staged to appeal to Adeboye, who is one of the richest Nigerian Pastors, to exert his influence to speak on the security challenges plaguing the country.

The protesters, including Charles Oputa, popularly known as Charly Boy; Felix Duke; Friday Igwe, popularly known as Baba Fryo; Eedris Abdulkareem and Mykel Parish, alleged that Adeboye had been silent on the state of the nation.
The Chairman of the group, Duke, while lamenting the rate at which people were being killed and kidnapped in the country, urged the RCCG GO to speak up for the masses.
Duke stated, “A lot of people are dying; our women are being raped; men are being kidnapped and killed; children are being slaughtered and no one is talking about these. Any government that wants to change the orientation of the youth usually uses entertainment; so, we celebrities have decided to use our followership to influence people to speak up for the underprivileged.
“We believe that the RCCG is the biggest church in Nigeria and Adeboye has a lot of influence in the country; if he speaks up on the country’s security challenges, President Muhammadu Buhari will listen to him. The Vice-President, Prof. Yemi Osinbajo, is his ‘son’; he (Adeboye) also has a lot of ‘children’ in the National Assembly, so his voice is very important.
“The people whom we met at the Redemption Camp all understood that the fight is not about us, but it is for the betterment of all Nigerians and the unborn children. We want him (Adeboye) to speak up so that efforts can be made to put an end to the killings. Even if he just makes a statement, it is ok.”
Igwe urged Adeboye to exert his influence to intensify efforts to secure the release of Leah Sharibu, who has been in the captivity of the Boko Haram terrorists for so long.
He said, “Adeboye has a loud voice; when he speaks, the government listens; so we want him to at least talk to the Vice-President, Yemi Osinbanjo, on this Ruga settlement issue and the killings of innocent people by Fulani herdsmen. We have also been too relaxed on the release of Leah Sharibu; so, we want him (Adeboye) to talk about it. We are not protesting that he is a bad person; we just want people to hear his voice on these issues.
“When we got to the Redemption Camp, the security guards tried to stop us from coming in, but we found our way in and kept protesting till we got to a point where the police used an armoured personnel carrier to barricade us. We continued protesting on that spot until the National Overseer, RCCG, came to speak to us and gave us an assurance that our message would be delivered to Adeboye. But we told him that if we didn’t hear from him, we would come back again.”

When contacted, the Head of Media and Public Relations, RCCG, Olaitan Olubiyi, said the protesters’ complaints would be delivered to Adeboye, whom he said had embarked on spiritual preparation for the forthcoming convention of the church.
Olubiyi stated, “When the protesters came, we attended to them because Pastor Adeboye was not available. We are preparing for our convention and our General Overseer has already embarked on his own spiritual preparation for the convention. The National Overseer Pastor, Joshua Obayemi, spoke to them and assured them of Pastor Adeboye’s commitment to the progress and peace of Nigeria.
“It may not be true that he (Adeboye) has been silent; during the last Holy Ghost Service, there was a time devoted to talking about the evils and dangers of blood. shedding and bloodletting; Pastor Adeboye even led the whole congregation in prayer for mercy for Nigeria and that was aside the prayers that are always offered at the various parishes.
“Much more importantly, Pastor Adeboye made it clear at the Holy Ghost Service that happened some four days ago before today’s protest that as a middle member of the Christian Association of Nigeria and the Pentecostal Fellowship of Nigeria, the leaders of these two associations had issued statements on these matters.
“As a leading member of these associations, how would it look if he should make another statement when the leadership had spoken? But in any case, we have told them that we would forward their complaints to the General Overseer and he would respond appropriately.”

After Successfully Listing On NSE, Airtel Now Ready For MSE

Here’s the story from Nairametrics: Airtel is planning to list on the Malawi Stocks Exchange (MSE). The company has announced it prepare...