MTN lists on Nigeria Stock Exchange

 

July 8, 2019, Lagos, Nigeria – MTN Nigeria has been listed on the Nigeria Stock Exchange by way of Introduction in May 2019, and the shares would be open to Nigerian investors as part of the second phase of the listing. This means that the company was listed in the initial phase, without any public offer or sell-down or initial public offering.

The President and CEO of MTN Group, Mr. Rob Shutter, disclosed that Phase two is targeted at increasing the Nigerian participation in MTN Nigeria, will be a free float of around 35percent.