Home » Telecommunication » Infosim? and MTN Group formalize partnership to ensure network quality and availability with StableNet?
Infosim? and MTN Group formalize partnership to ensure network quality and availability with StableNet? Posted by PublisherTelecommunication Tuesday, 11. May 2021
Würzburg, May 10th, 2021
Infosim? GmbH & Co. KG and MTN Group, together with its Operating Company (OpCos) MTN-Nigeria Communications PLC, have announced a strategic alliance for the implementation of StableNet?. The solution will enable improved network visibility and automated management functionalities with a network management platform that is able to manage multiple vendors and technologies from a single user interface.
Part of the MTN Group, MTN Nigeria serves over 64 million people nationwide and in 2019 became the first network to conduct trials for 5G technologies in West Africa. Meanwhile, StableNet? continues its string of impressive wins in the telco space as its automated, v
Building of the Nigerian Stock Exchange (NSE). PHOTO: AYODELE ADENIRAN The Nigerian Exchange Limited (NGX) extended bearish sentiment to three consecutive trading sessions yesterday, as more highly capitalised stocks depreciated in price. This resulted to a further slide in market capitalisation by N167 billion. The All-Share Index (ASI) decreased by 319.08 absolute points, representing a drop of 0.81 per cent to close at 39,114.73 points while the overall market capitalisation value lost N167 billion to close at N20.470 trillion. The bearish sentiment was sustained on price depreciation in large and medium capitalised stocks amongst which are; MTN Nigeria Communications (MTNN), Dangote Cement, BOC Gases, Red Star Express and SCOA Nigeria. Analysts at Afrinvest Limited said: “We expect the market to close in the red for the week.”
Vanguard News
NGX: Indices drop further by 0.81%
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Key indices of the Nigerian Exchange (NGX) dropped further by 0.81 per cent on Thursday to extend bearish transactions to three consecutive trading sessions.
Consequently, the All-Share Index lost 319.08 points or 0.81 per cent to close at 39,114.73 against 39,433.81 on Wednesday.
Also, the market capitalisation shed N167 billion or 0.81 per cent to close at N20.470 trillion from N20.637 trillion on Wednesday.
The bearish sentiment was sustained on price depreciation in large and medium capitalised stocks amongst which are; MTN Nigeria Communications (MTNN), Dangote Cement, BOC Gases, Red Star Express and SCOA.
Also, the market capitalisation shed N167 billion or 0.81 per cent to close at N20.470 trillion from N20.637 trillion on Wednesday. The bearish sentiment was sustained on price depreciation in large and medium capitalised stocks amongst which are; MTN Nigeria Communications (MTNN), Dangote Cement, BOC Gases, Red Star Express and SCOA. Market watchers attributed the persistent lull to increased yield in the money market instruments which led to movement of funds. However, 25 stocks gained, relative to 20 losers. BOC Gases led the losers’ chart in percentage terms, losing 9.99 per cent to close at N12.25 per share. Livestock Feeds followed with 9.90 per cent to close at N1.73, while SCOA shed 9.66 per cent to close at N2.15 per share.
Vanguard News
NGX resumes May with N17bn loss
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Activities on the nation’s bourse resumed the week and month on Tuesday with a loss of N17 billion following sell pressure on Lafarge Africa and MTN Nigeria Communications (MTNN).
Specifically, the market capitalisation shed N17 billion or 0.08 per cent to close at N20.830 trillion from N20. 847 trillion recorded on Friday.
Also, the All-Share Index declined by 32.64 points or 0.08 per cent to 39,801.78 compared with 39,834.42 posted on Friday.
Consequently, the month-to-date and year-to-date losses stood at 0.1 per cent and 1.2 per cent, respectively.
The loss was driven by price depreciation in large and medium capitalised stocks amongst which are; Lafarge Africa, MTNN, Zenith Bank, Sterling Bank and United Bank for Africa.