Business
Airtel’s valuation drops as investors lose N282bn
Airtel Africa’s shareholders lost N282.98 billion on Tuesday as the company’s market valuation crashed at the end of trading at the Nigerian Stock Exchange (NSE).
The telecommunications company’s value was down by 10 percent after its market capitalisation dropped to N2.54 trillion at the close of business.
This was lower than the previous N2.83 trillion as some investors engaged in massive sell-off of their shares in the company.
READ ALSO: NLC ready for another showdown with El-Rufai over sacked workers
This triggered high trading activities on Airtel Africa’s stock at a cheaper price. 1,997 shares were sold at N753.3 per share on Monday.
The mobile network’s shares increased to 100,673 on Tuesday. However, these were sold at N678 per share on the floor of the capital market.
-
Latest1 week agoLagos NURTW organising secretary Toba Ajiboye dies after gunmen attack
-
Business5 days agoCBN targets $12bn annual Diaspora inflows to boost FX liquidity
-
Business5 days agoSEC launches nationwide campaign to help investors recover unclaimed dividends
-
Business4 days agoNigerian AI researcher champions ethical artificial intelligence at COPA AI 2026 summit in Wales
-
Latest1 week agoOyo APC berates Makinde over call for UN probe into Oriire school rescue
-
Business6 days agoCBN launches real-time FX tracker for BDCs, tightens oversight of FX market
-
Latest7 days agoKwankwaso calls for renewed North–South-East Political alliance ahead of 2027
-
Business5 days agoFood prices now biggest threat to inflation, beyond CBN’s reach – Analysts