“For multinationals, Nigeria must consider what Ghana did. “The blame rests on our leaders, who seems not to know the value of the capital market to the growth of the Nigeria economy. MTN, as an institution, is not willing to list on the stock exchange, if not for the 2015 penalty imposed on it by NCC.“Kudos to those who drafted the settlement agreement for including the clause on mandatory listing of their shares on stock exchange, as one of the conditions to settle the matter. NSE, SEC and government should encourage and persuades other issuers to come to the market by giving them incentives.”The National Coordinator of Constance Shareholders Association, Shehu Mallam Mikail, attributed MTN’s prolonged delay in listing of their shares to government’s unfavorable policies.“It is due to government’s unfavorable policies that investors are always taking much time to study, before taking any step that has to do with coming into the market. Our government needs to be more proactive and create enabling environment for issuers and operators,” he said.

Source: The Guardian August 27, 2018 03:22 UTC