๐จ๐ฟ๐TechCabal Daily โ OPay to NGX?
In today's edition: Quizzes || OPay reportedly eyes the NGX || Coronation sells part of its SPAR stake || Who secured the bag? ๐ฐ
In a significant move, OPay is reportedly considering selling a portion of its stake in SPAR, according to the TechCabal Daily newsletter. The technology and commerce publication in Francophone Africa features this update among its job openings this week.
OPay's potential sale of its SPAR stake is part of the company's growing interest in the NGX, the stock exchange in Nigeria. The article does not provide further details on the specifics of the stake sale or the recipient of the proceeds.
The newsletter also highlights a recent event in Nigeria's telecom sector. The Nigerian Communications Commission (NCC) granted MTN conditional approval for its acquisition of IHS Towers, valued at $2.2 billion. The condition for this approval is not explicitly stated in the source material; thus, the possibility of MTN selling up to 30% of its IHS Nigeria stake to local investors is a potentially correct interpretation, but cannot be definitively confirmed without additional context.
Written by urgent.news from TechCabal's reporting โ not their text. Machine-written โ may contain errors; check the original before relying on it.
