EXCLUSIVE: Northern senators move against Akpabio over alleged N4trn budget paddingClimate change, extreme weather, conflict exacerbate global food crisisEXCLUSIVE: Northern senators move against Akpabio over alleged N4trn budget paddingClimate change, extreme weather, conflict exacerbate global food crisisMobile network operator Airtel Africa, which has Nigeria as its biggest market, is giving thought to launching a public shares sale for its mobile money arm, whose valuation exceeds $4...
Airtel Money needs to be separated from its parent as a standalone entity before it can attain the prestige of trading on a stock exchange. That implies the valuation of Airtel Money, the group’s fastest-growing subsidiary, has expanded by more than half since 2021. The development comes weeks after Airtel Africa reported a 99.6 per cent fall in net profit in the nine months to December, after a $484 million foreign exchange, driven by sharp devaluations of the Nigerian naira, nearly plunged it into loss.