Events

MTN Lists Shares On Nigerian Stock Exchange

Telecommunications giant MTN Nigeria has listed 20 billion ordinary shares at N90 per unit on the Premium Board of the Nigerian Stock Exchange (NSE).

Published

6 years ago

May 16, 2019

Bona Naija

Telecommunications giant MTN Nigeria has listed 20 billion ordinary shares at N90 per unit on the Premium Board of the Nigerian Stock Exchange (NSE).

There goes the closing bell! MTN is now officially a listed company on the Nigerian Stock Exchange. We are listed. #MTNatNSE #MTNListing pic.twitter.com/oR7VQwJVUR
— MTN Nigeria (@MTNNG) May 16, 2019

The official listing of the Johannesburg-based company took place on Thursday at the Stock Exchange House in Lagos.

Chairman of MTN Nigeria, Dr Paschal Dozie, led the Chief Executive Officer (CEO), Mr Ferdi Moolman, and other top members of staff of the company to the event.

The price values the telecoms company at N1.84 trillion.

MTN Nigeria decided to list its local company in the country on the NSE in 2016 after agreeing to pay a $1.7 billion fine to settle a sim card dispute with the Federal Government.

Nigeria accounts for a third of MTN’s annual core profit while indigenous investors own 19.4 per cent of the company.

See photos from the event below: