The market capitalisation rose to N12.52tn on Thursday from N10.63tn on Wednesday, as the market capitalisation of MTN added N1.83tn to the market value of equities.The Premium Board is the listing segment for the elite group of issuers that meet the Exchange’s most stringent corporate governance and listing standards.
The National Council President, NSE, Otunba Abimbola Ogunbanjo, said, “We are particularly pleased that MTN Nigeria has joined the prestigious club of companies listed on our Premium Board with this landmark transaction, which will differentiate it as a professionally run telecommunications company with high standards, having met the NSE’s listing criteria.
Onyema said, “As a listing platform of choice, today’s listing will add to our bouquet of diverse investment offerings to the public. Having MTN Nigeria listed in our market is a testament to the Exchange’s commitment to building a dynamic and inclusive market and creating channels for sustainable investment.”
The Chief Executive Officer, Ferdi Moolman, said the company had evolved from an ambitious start-up at the genesis of a new and emerging industry, to a business that was able to touch lives in every corner of the country. “Annually, about 80 per cent of our distributable income is given out as dividends to shareholders. So far, our dividend performance has been good and we will not relax now.”
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