Is MTN Really Going To List On Nigeria Stock Exchange?
Africa’s telecommunications giant, MTN has kept Nigerian investors salivating for their shares in recent years.
But it appears, they are not even taking the plan seriously.
This has come to light after an official of the exchange confirmed to PUNCH that the NSE has not received any document from MTN indicating an interest to list.
The source said plainly that “there is no such thing in a document here. In fact, they have not come to us.”
The Chief Executive Officer, NSE, Oscar Onyema, told newsmen mid-January this year that the Exchange would not comment on the planned listing of MTN as it (NSE) was not in the right position to speak for the telco.
Onyema said, “MTN has to tell its own story, and not us doing so for it.”
Reacting to the planned listing of the telecoms firm, an official of MTN, who pleaded anonymity, told Punch that the company is still committed to its plan to list on the Exchange.
Recall that in November 2017, the MTN Group Limited said it was focused on laying the groundwork for an initial public offering of its Nigerian business and should complete the process in six months, meaning May 2018 latest.
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