Fidelity bank banner UBA banner
MTN unfolds plan to list on the Nigerian Stock Exchange in 2017

By News Express on 28/07/2016

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

Views: 4,232


MTN Group, Africa’s biggest mobile phone operator, says its Nigeria unit is on track to list on the Nigerian Stock Exchange in 2017 as part of an agreement with the government.

MTN said in June that its local unit would list on the Nigerian bourse after agreeing to pay a reduced fine of $1.7bn in a settlement of a long-running dispute with the government over unregistered SIM cards.

MTN Nigeria aimed for the listing to take place during 2017, subject to market conditions, the company said on Thursday.

MTN is the largest mobile phone operator in Nigeria, with 57-million subscribers, and the country accounts for about a third of its revenue.

MTN Nigeria appointed Stanbic IBTC Capital, Standard Bank and Standard Advisory London, and Citigroup Global Markets, as joint transaction advisers and global co-ordinators, with Stanbic acting as lead issuer. (Reuters)

Source News Express

Posted 28/07/2016 3:53:40 PM

 

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


 

CLASSIFIED ADS

 

You may also like...
Buhari disagrees with APC leadership, backs court option...

NAFDAC to destroy N198bn seized Tramadol

Low-cost business ideas for university students (Part 2)...

Heavy presence of security operatives at Edo House...

Lagos pipeline explosion claims 100, as 40 perish...

National Assembly Okigwe Zonal Rerun: Uwajumogu pledges effective...

Nigerian star dares Messi

Foreign flight operations: Air Peace decries int’l politics...

FG promises tax relief for entertainment industry

Kaduna Airport: Minister assures of 24-hour surveillance

Military confirms fire incident at Conoil fields in...

MASSOB faults Buhari, says Nigeria’s unity negotiable

 

Latest News 233 policemen arrested for corruption Sex video tape played in Lagos court in evidence Saraki, Dogara guilty of corruption — Legislative aides Woman dies as mobile phone explodes in bedroom, husband injured Amnesty tasks International Criminal Court, wants full-blown investigation into Boko Haram’s atrocities 2019: Okowa calls for issue-based campaign as Delta State PDP inaugurates Campaign Council DAPPMA suspends shutdown of operations, gives 5-day grace notice 2019: Dogara accuses FG of vote-buying, inducement Confusion deepens in Ogun PDP as Kashamu launches governorship campaign Buhari unveils Corruption Risk Assessment Report ASUU decries alleged intimidation of members in UNILAG by pro-chancellor 2019: Agbaje vows to free Lagos from godfatherism if elected Governor

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (429,426 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (394,555 views) Shameless Genevieve Nnaji exposes breasts in public (327,469 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (280,801 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (247,635 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (229,160 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (211,925 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (193,165 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (179,408 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (170,333 views) Lagos plane crash: Journalist releases victims’ names (167,103 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (153,600 views)

 

Zenith Zero Balance First Bank chat banking

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,870) Business Verdict (54) Columnists (972) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (575) Features (679) Global Business Monitor (311) International (2,801) Interview (167) Live Commentary (28) Love Matters (146) Maggie's Blog (64) News (41,321) Opinion (1,150) Pidgin (13) Politics (8,101) Religion (911) Sports (1,812) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera