MTN to list stock on Nigerian Exchange soon

MTN on Friday in Abuja said it would list its shares on the Nigerian Stock Exchange this year.

MTN General Manager, Mr Nikiwe Tsaagane, made this known when he paid a courtesy visit to Dr Ogbonnaya Onu, Minister of Science and Technology.

Tsaagane said the efforts would help to fast-track improvement in Nigerian economy.

“It is going to offer important role in capital market as it will be one of the largest transactions in Africa. This will showcase Nigeria in the global economy if we can achieve it.

“”The transaction is structured by ensuring that it’s data based and inclusive as we ensure that our Nigerian customers are able to participate,“” he said.

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According to him, MTN has 62 million subscribers already in Nigeria which represents a significant Nigerian population.

He said the application processes would be in a digitalised way as there would be minimal utilisation of paper.

“ “So we are working with the Nigeria Stock Exchange to develop application platform to make our customers to be able to apply online.

“ “Here will be first place of doing such digital application,“” he added.

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