NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
MTN to list in Nigerian Stock Exchange this year: Company source

By Chijioke Ohuocha on 07/02/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 635


MTN Nigeria discussed plans to list on the Lagos stock exchange at a board meeting on Wednesday and aims to launch the IPO this year, a company source told Reuters.

Africa’s biggest mobile phone operator had planned to list its Nigerian unit in 2017, as part of an agreement with the Nigerian government, but delayed the IPO due to market conditions.

The telecoms firm has now revived those plans and is considering hiring a public relations firm to manage communications ahead of the listing in Nigeria in addition to its South African advisers, the source said.

MTN has about 51.4 million subscribers in Nigeria, which accounts for about a third of its revenue.

“There’s a lot of preparation going on due to the listing, which is expected to happen this year,” the source said.

Group Chief Executive Rob Shuter was attending the two-day meeting, which began on Wednesday, the source said.

In 2016 the telecom firm said it would list its local unit on the Nigerian Stock Exchange after agreeing to pay a reduced fine of $1.7 billion in a settlement with the Nigerian government over unregistered SIM cards.

It has appointed Stanbic IBTC Capital, Standard Bank of South Africa, Standard Advisory London and Citigroup Global Markets, as joint transaction advisors and global coordinators, with Stanbic acting as lead issuer.

The Nigerian Stock Exchange has said it was working with MTN on the listing while the Securities and Exchange Commission (SEC) has discussed the IPO and how it could be structured. (Reuters)

 

Source News Express

Posted 07/02/2018 7:38:16 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Court insists on trial of Pakistani Christian Governor...

APC’s anti-graft policy marred by double standard —PDP...

Finally named: The full list of friends of...

Whooping cough is making a comeback — here’s...

Frost & Sullivan selects Arbor for DDoS leadership...

2015: PDP makes U-Turn, clears Tonye Princewill for...

Nigerians now doubting sincerity of ‘Change Agenda’, says...

Menace of herdsmen: HURIWA passes vote of no...

Head of Service faults Interior Minister, washes hands...

Weatherman predicts thunderstorms and clouds for today, plus...

Pepper seller gives birth to triplets

INEC lists challenges ahead of Bayelsa governorship polls...

 

Latest News BREAKING NEWS: Bauchi Deputy Governor resigns Of Philistines and quest for power, By Peter-Claver Oparah Nigerian women, children as endangered species, By Adele Adeniji 40 IPOB members in Police net over alleged terrorist plot Gunmen abduct 42 travellers; strip female passengers $16bn power projects: Refer OBJ, Jonathan to EFCC, ICPC, SERAP tells Buhari What is wrong with Anambra Catholic Bishops? Cholera outbreak kills 12 in Adamawa Minimum wage review long overdue – Oyo-Ita 400m Fraud: Court grants EFCC's request to try Metuh in absentia Transcorp Hotels MD laments neglect of tourism sector Buhari orders release of fund for Ogoni clean up

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (345,418 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (342,145 views) Shameless Genevieve Nnaji exposes breasts in public (273,519 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (224,868 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (205,266 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (202,918 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (177,041 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (159,330 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,256 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (143,544 views) Lagos plane crash: Journalist releases victims’ names (140,070 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,491 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (41) Business & Economy (3,152) Business Verdict (43) Columnists (854) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (497) Features (598) Global Business Monitor (274) International (1,969) Interview (149) Live Commentary (28) Love Matters (120) News (35,541) Opinion (963) Pidgin (10) Politics (5,052) Religion (745) Sports (1,517) Stock Watch (29) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement