MTN Gunning For Electronic Listing On Nigeria Stock Exchange
So, MTN is still determined to list on the floor of the NSE.
The Securities and Exchange Commission says it has resumed talks with the telecommunications company over the planned listing.
The Director-General, SEC, Mounir Gwarzo, told journalists in Lagos on Wednesday that the conversation has taken a new turn as the telecoms company is looking at listing on the Exchange electronically.
“Our conversation with MTN on its listing is back. But this time, they want to do it through electronic means,” Gwarzo said at the commission’s post-capital market committee meeting briefing.
According to the SEC boss, the fresh deliberation has been on for the past two months to ensure a successful listing process.
The NSE has provided needed direction to MTN on ways to go about the issue in the interest of retail investors.
Gwarzo notes that the application process will be digitalised in a way that there will be minimal utilisation of paper.
In June this year, MTN said it would list its shares on the NSE in 2017.