Bloomberg/Waldo Swiegers

Markets

MTN applies to Nigerian regulator for share listing

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The listing in Africa’s most populous nation is a condition of the settlement of a $1 billion regulatory fine three year ago.

Sunday 05, May 2019

(Bloomberg) --MTN Group asked the Nigerian Securities & Exchange Commission for permission to proceed with a listing of its shares.

The company, Africa’s biggest mobile-phone company by subscribers, applied to the Abuja-based SEC for a registration of shares and a listing on the Nigerian Stock Exchange.

MTN appointed former Nigeria central bank Governor Lamido Sanusi to its board on as part of the preparation for the listing and after the conversion of its Nigerian unit into a public company last week.

TAGS : MTN Group, Nigerian Securities & Exchange Commission, Nigeria Stock Exchange , IPO

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