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Capital Market
The part of a financial system concerned with raising capital by dealing in shares, bonds and other long-term investments is a capital market. It is a financial market in which long-term debts or equity-based securities are bought and sold. The evolution of the internet and technology has made trading a lot easier.
US-based Internet connectivity and Internet data company, Equinix, is currently in the process of acquiring West African connectivity giant, MainOne for $320 million.
Following an aggressive marketing campaign, Africa-focused eCommerce company, Jumia, recorded a $51.6 million operating loss in Q2 2021. This is a 24.7% increase from last year and a signal of…
Six months after a restricting court order and two months after an industry-wide warning, Nigeria’s SEC has issued its first fintech licence to investment-tech startup Chaka. What does this mean…
MTN’s Rwandan unit, MTN Rwandacell, lists on the Rwandan stock exchange. With a starting price of $0.27 per share, MTN Rwandacell now has a market cap of $364 million per…
Following a plan which began in July 2020, Jumia has listed 18 million shares for sale in order to cash out on its stock market rally. This comes barely three…
Africa focused eCommerce giant, Jumia, has announced its earnings for the final quarter and the full year 2020. Though losses continue to drop, there’s much slower growth compared to 2019.…
Jumia’s financial report for Q2 2020 reveals that the eCommerce giant saw the entire value of its sales drop during the pandemic. Despite this drop, the company saw its loss…
As tech companies lead the recovery of most stock markets across the globe we closely followed Nigeria’s tech companies on the stock market during the lockdown to see how they…
MTN Nigeria maintained its usual dominant position at the top of Nigeria’s telecom market in 2020, but here’s how global disruptions and domestic policies affected its major revenue streams in…
After revolutionising fundraising and investments in Nigeria, Nigeria’s Securities and Exchange Commission has moved to regulate the country’s crowdfunding activities. What will this mean for the sector going forward?
On the back of plans to officially list on the NSE and the LSE, Nigeria’s pioneering fintech company, Interswitch limited, looks to enter a new stage in its growth, with…
A look at Jumia’s first six months on the New York Stock Exchange and how a series of events affected its share price.
The second telecommunications company to be listed on the Nigerian Stock Exchange (NSE), Airtel Africa today tops the gainers’ table after weeks of having the same share price.
Amidst xenophobic attacks in South Africa, and angry reactions in Nigeria, MTN Nigeria’s share price wavers on the NSE
Just three months after listing, MTN Nigeria briefly overtook Dangote Cement for a day as the most valuable company by market capitalisation on the Nigerian Stock Exchange (NSE). The telecom…
Majority of ICT companies listed on the Nigerian Stock Exchange are recording losses with their shares trading below their IPO listing prices.
In spite of the global clampdown on cryptocurrency by governments and Internet companies, the digital currency keeps getting more relevance. According to CoinSchedule, the sum of $9.4 billion was raised…
With no definite date yet, MTN Nigeria is looking forward to raising the sum of $500 million, disposing of about 30% stake in the business by getting listed on the…
As at March 2017 there were 176 companies listed on the Nigerian Stock Exchange. It is evident that tech companies make up a few of that number.
In January, SureRemit a Nigerian non-cash remittance startup raised $7 million through an initial coin offering (ICO). The ICO financing round was backed by South Korea’s largest cryptocurrency fund Hashed,…
Top stories
US-based Internet connectivity and Internet data company, Equinix, is currently in the process of acquiring West African connectivity giant, MainOne for $320 million.
Following an aggressive marketing campaign, Africa-focused eCommerce company, Jumia, recorded a $51.6 million operating loss in Q2 2021. This is a 24.7% increase from last year and a signal of Jumia’s change in business strategy
Six months after a restricting court order and two months after an industry-wide warning, Nigeria’s SEC has issued its first fintech licence to investment-tech startup Chaka. What does this mean for the broader industry?
MTN’s Rwandan unit, MTN Rwandacell, lists on the Rwandan stock exchange. With a starting price of $0.27 per share, MTN Rwandacell now has a market cap of $364 million per share
Following a plan which began in July 2020, Jumia has listed 18 million shares for sale in order to cash out on its stock market rally. This comes barely three months after it raised $243m from a similar sale
Africa focused eCommerce giant, Jumia, has announced its earnings for the final quarter and the full year 2020. Though losses continue to drop, there’s much slower growth compared to 2019. Find out more
Jumia’s financial report for Q2 2020 reveals that the eCommerce giant saw the entire value of its sales drop during the pandemic. Despite this drop, the company saw its loss decline for a second consecutive quarter as it continues its search for profitability
As tech companies lead the recovery of most stock markets across the globe we closely followed Nigeria’s tech companies on the stock market during the lockdown to see how they would fare.
MTN Nigeria maintained its usual dominant position at the top of Nigeria’s telecom market in 2020, but here’s how global disruptions and domestic policies affected its major revenue streams in Q1 2020.
After revolutionising fundraising and investments in Nigeria, Nigeria’s Securities and Exchange Commission has moved to regulate the country’s crowdfunding activities. What will this mean for the sector going forward?
On the back of plans to officially list on the NSE and the LSE, Nigeria’s pioneering fintech company, Interswitch limited, looks to enter a new stage in its growth, with the issue of a ₦23 billion bond on the Nigerian Stock Exchange.
A look at Jumia’s first six months on the New York Stock Exchange and how a series of events affected its share price.
The second telecommunications company to be listed on the Nigerian Stock Exchange (NSE), Airtel Africa today tops the gainers’ table after weeks of having the same share price.
Amidst xenophobic attacks in South Africa, and angry reactions in Nigeria, MTN Nigeria’s share price wavers on the NSE
Just three months after listing, MTN Nigeria briefly overtook Dangote Cement for a day as the most valuable company by market capitalisation on the Nigerian Stock Exchange (NSE). The telecom giant closed Monday’s trading with market capitalisation peaking at ₦2.82 trillion and ₦138.7 per share while Dangote Cement was ₦2.81 trillion, closing at ₦164.5 per…
Majority of ICT companies listed on the Nigerian Stock Exchange are recording losses with their shares trading below their IPO listing prices.
In spite of the global clampdown on cryptocurrency by governments and Internet companies, the digital currency keeps getting more relevance. According to CoinSchedule, the sum of $9.4 billion was raised via initial coin offerings (ICOs) between January and May 2018, which is higher than the total figure raised in 2017 — $3.88 billion. ICOs are…
With no definite date yet, MTN Nigeria is looking forward to raising the sum of $500 million, disposing of about 30% stake in the business by getting listed on the Nigerian Stock Exchange (NSE). And just recently, MTN Ghana launched an Initial Public Offering (IPO) to raise about $743 million for a 35% stake in…
As at March 2017 there were 176 companies listed on the Nigerian Stock Exchange. It is evident that tech companies make up a few of that number.
In January, SureRemit a Nigerian non-cash remittance startup raised $7 million through an initial coin offering (ICO). The ICO financing round was backed by South Korea’s largest cryptocurrency fund Hashed, which has previously backed several blockchain and blockchain-enabled projects like Airswap, Ethereum, and Simple Token. SureRemit is the first in West Africa and Nigeria and…