Lagos – The Nigerian Stock Exchange on Tuesday finally approved the listing of MTN Nigeria shares on the nation’s bourse.A senior management at the NSE, who pleaded anonymity, told the News Agency of Nigeria in Lagos that MTN Nigeria application for listing was approved on Tuesday.
NAN reports that MTN Nigeria shares, when listed at N90 per share, will emerge the second largest company on the nation’s bourse after Dangote Cement with market capitalisation of N1.83 trillion. She said that the company had successfully completed the registration of 20,354,513,050 ordinary shares of N0.02 each with the commission.
Speaking on the conversion, Fredi Moolman, MTN Chief Executive Officer, said the listing was part of its commitment to localisation in the markets in which it operates.
vanguardngr What does this now mean please?
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