Airtel Africa consummated a buyback of minority shareholding of its Nigerian unit, the wireless and mobile money operator said Thursday.
The further purchase of 8.22 per cent stake in Airtel Nigeria has upped the telco’s total holding in its biggest African subsidiary to 99.96 per cent, according to a regulatory filing seen by PREMIUM TIMES.by Airtel in early October, which it estimated to cost N61.24 billion at an exchange rate of N413.38.
The latest acquisition was priced N61 billion or $147 million at the rate of N415.07 to a US dollar, Airtel said.Last month, Nigeria’s third most capitalised company got approvals-in-principle from the central bank
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The owner jet that distributes weapons to bandits or another Abdusalami That's why I have suspended myself from buying newspaper daily. Their own too much for Human sanity. Wellz, that Akara joint at the junction will not lack papers to wrap us Akara.
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