Thursday, Oct 22nd 2020 8:38 AM
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Market Digest Nigeria

Business

MTN Nigeria completes ordinary shares registration with SEC

MTN

MTN Nigeria has successfully completed the registration of 20,354,513,050 ordinary shares of N0.02 each with the Securities and Exchange Commission (SEC).

The Chief Executive Officer, Mr. Ferdie Moolman confirmed this in a statement yesterday in Lagos, Nigeria.

He said the completion of this process sets in motion that the next steps in MTN’s intended listing on the Nigeria Stock Exchange.

“I am excited we have achieved another milestone in our listing process and want to thank the SEC and the Corporate Affairs Commission (CAC) for supporting us through the process.

“We have now begun to engage with the Nigerian Stock Exchange (NSE) to complete the listing process,’’

MTN is expected to be listed on the Exchange before the end of June, 2019.

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