Ife OgunfuwaMTN Nigeria has said it will list on the Nigeria Stock Exchange by way of introduction in the first half of this year. The President and Chief Executive Officer of MTN Group, Mr Rob Shuter, disclosed this at the MTN Group’s investor update conference call. “We have decided though to pursue the listing by means of a listing by introduction. The source said the telecoms company had sold some shares in the country through a special purpose vehicle, which might be converted to MTN Nigeria shares at the NSE. The Chief Executive Officer, Enterprise Stockbrokers, Mr Rotimi Fakayejo, said this meant MTN Nigerian would approach the NSE with its existing shareholders and gradually introduce the shares to the public.

Source: Punch February 06, 2019 23:48 UTC