Major Rating Agency Upgrade Status of Nigerian Banks to “BBB”

Nigeria’s major ratings Agency Agusto & co. has in a report released yesterday upgraded the country’s banking sector ratings by one notch to “BBB” from “BB” citing a stable outlook, improved earnings and capital ratios. The agency disclosed that credit growth was gradually returning and risk aversion waning as banks[...]

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Airtel Nigeria Grow Subscriber Base by 31%, Hit 20 Million

Two years after it took over an existing network, Airtel Nigeria has grown its subscriber base by 31% or additional five and half million persons to hit 20 million subscribers. Airtel Nigeria CEO and Managing Director Mr. Rajan Swaroop disclosed the growth in the company’s numbers and improvement in other[...]

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MTN Introduce WIMAX to Abuja and Port Harcourt

Reports on Businessday show that MTN Nigeria has announced a coverage expansion of its WiMAX network, to the cities of Abuja and Port Harcourt. As noted in TeleGeography’s GlobalComms Database, mobile network operator MTN Nigeria launched its WiMAX service, dubbed ‘MTN HyConnect Wireless Internet’, in select locations in Lagos in[...]

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Airtel Partners CNBC, Forbes to Stage Africa Business Leaders’ Awards

Leading Telecommunications Services Provider, Airtel Nigeria has partnered with Africa’s first and only 24 hour international business channel, CNBC and leading source for reliable business news and financial information, Forbes to stage this year’s edition of the All Africa Business Leaders’ Awards. The All Africa Business Leaders’ Awards, an event[...]

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