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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 Equinix to acquire Nigeria’s MainOne for $320m

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3 years ago

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Jumia’s operating loss spirals to $51 million in Q2 2021 following aggressive marketing

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

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3 years ago

Nigerian investment-tech startup, Chaka, secures SEC’s first digital stock trading licence

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?

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3 years ago

Valued at over $364 million, MTN’s Rwandan unit lists on the Rwandan exchange

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

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3 years ago

Jumia plans to raise millions by selling 18 million shares

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

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4 years ago

Jumia losses dropped by 34% in 2020, yet it witnessed slower growth

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

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4 years ago

How the Nigerian Stock Exchange plans to win over SMEs, startups

Startups typically access funding through various means like grants, venture capitalists, and angel investors. We take a glance at the new investment route introduced by Nigeria’s stock exchange.

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4 years ago

MTN Group sells stake in Jumia, reportedly makes net proceeds of $142 million

South Africa's MTN Group has exited its 18.9% stake in Africa-focused online retail giant, Jumia. This comes after another share price rally and 11 days before the announcement of Jumia's financial result for Q3 2020

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4 years ago

Nigerian mobility startup, MAX, floats ₦10 billion bond to expand services in Africa

In a relatively rare fundraising move, Nigerian mobility startup, MAX, has raised ₦400 million from a ₦10 billion bond float. The startup wants to deepen vehicle financing and expand its mobility offerings across Africa

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4 years ago

Q2 2020: Jumia shares crash 40% as earnings reveal drop in losses and sales value

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

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4 years ago

How Nigerian tech companies listed on the NSE fared during the lockdown

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.

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4 years ago

Q1 2020 report: For MTN Nigeria, voice revenue remains king over data

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.

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4 years ago

How will the SEC’s new regulations shape crowdfunding in Nigeria?

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?

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5 years ago

Interswitch lists ₦23 billion bonds on the NSE: what’s next for Nigeria's first unicorn?

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.

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5 years ago

Jumia lost $2.6bn market cap within 6 months; a look at the bumpy ride

A look at Jumia's first six months on the New York Stock Exchange and how a series of events affected its share price.

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5 years ago

Airtel Africa tops gainers’ table after its share price recovers from an initial drop

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.

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5 years ago

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