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Market Digest Nigeria

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MTN Nigeria changes status to a public liability company

MTN Nigeria changes status to a public liability company

MTN Nigeria changes status to a public liability company. Today Wednesday the 24th of April MTN made a major move by changing its status to a public liability company as one of the requirements to list on the Nigerian Stock Exchange.

MTN Nigeria changes status to a public liability company

CEO of MTN Nigeria, Fredi Moolman, stated the listing is part of its commitment to localisation in the markets that it operates. “Our conversion to a Plc is a major step towards listing by introduction on the Nigerian Stock Exchange in the first half of 2019.

“It is a reaffirmation of our long-term commitment to expanding investment opportunities for Nigerians, in addition to providing everyday services to them. We look forward to continuing our engagement with the SEC and NSE to take forward the listing process,” the company said in a press statement. So he said.

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