MTN completes NSE listing with N20.3bn shares at N0.02

 Telecommunications giant, MTN on Tuesday completed listing on the Nigerian Stock Exchange (NSE) with a registration of 20,354,513,050 ordinary shares of N0.02 each with the Securities and Exchange Commission (SEC).

Recall that the Securities and Exchange Commission (SEC) had on Monday confirmed telecommunications giant for listing on the Nigerian Stock Exchange (NSE).

The telecoms company recently changed its status from a private company to a Public Liability Company (PLC) ahead of its listing on the exchange.

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The Chief Executive Officer of the company, Ferdi Moolman who spoke after the successful completion said the process sets in motion the next steps in the company’s intended listing by introduction on the Nigerian Stock Exchange (NSE).

He added, “I am excited we have achieved another milestone in our listing process and want to thank the SEC and the Corporate Affairs Commission (CAC) for supporting us through the process.