Commission to facilitate the listing of MTN Nigeria on the country’s stock exchange market has continued to bring economic gains to Nigeria.
Recall that the listing of MTN Nigeria was as a result of the Commission’s effective regulatory action taken during the mobile network operator’s fine settlement agreement in 2016. As the country’s independent telecoms regulatory authority, the NCC, working with the Central Bank of Nigeria , facilitated the landmark listing of the country’s largest telecommunications operator on the bourse.
“That important regulatory action enabled Nigerians, consistent with the Nigerian Communications Act 2003, to partly, own, manage and control MTN. This bold and courageous regulatory action is now transforming lives and boosting the economy,” the EVC stated.Danbatta also stated that the listing has helped to translate into action, an important objective of the Commission, which is to promote local investment and ownership in the telecom sector.
“Also, one of the benefits of listing on the NSE is that telcos have enormous opportunity for raising more capital for network expansion, which will, in turn, bring about improvement in the quality of service delivery and quality of experience for telecom consumers,” he said.
Source: News Formal (newsformal.com)
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