London-listed Airtel Africa Plc (NGSE:AIRTELAFRI, MSE:AIRTEL) is seeking to sell a minority stake in its mobile financial services platform Airtel Money in a bid to raise cash.

Nigeria’s equities benchmark index opened the week on a positive note. The NSE-ASI gained 0.21% to close at 41,088.96pts. Year to date return and market capitalization settled at 2.03%, and N21.49 trillion respectively. 

The Nigerian bourse ends the week on a bearish note as the ASI declined further by -0.24% today to close at 41,001.99 from 41,099.15 points. Year to date and market capitalization similarly fell by -0.24% to settle at 1.82%, and N21.44 trillion respectively. Downtrend was driven by price depreciation in large and medium capitalized stocks amongst which are; MRS Oil Nigeria, Wapco Lafarge, NEM, and UBA.

The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, yesterday expressed optimism that the market would record another impressive performance in 2021, saying the exchange would consolidate on the benefits of demutualisation.