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MTN’s September listing plan on Nigerian Stock Exchange alive—Tsaagane

MTN General Manager in Abuja, Mr Nikiwe Tsaagane, has again renewed the hope of listing its shares on the Nigerian Stock Exchange (NSE) this year during a courtesy visit to the Minister of Science and Technology. Dr Ogbonnaya Onu.

The official noted that whereas efforts are on to fast-track improvement in the Nigerian economy, “It is going to offer important role in the capital market as it will be one of the largest transactions in Africa. This will showcase Nigeria in the global economy if we can achieve it”.

“The transaction is structured by ensuring that it’s data based and inclusive as we ensure that our Nigerian customers are able to participate,” he said.

Tsaagane added that MTN has 62 million subscribers already in Nigeria which represents a significant Nigerian population and averred that the listing application processes would be in a digitalised way as there would be minimal utilisation of paper.

He said “We are working with the Nigeria Stock Exchange to develop application platform to make our customers be able to apply online.

“Here will be first place of doing such digital application,“” he added.

The MTN official also revealed that the telecoms regulator, Nigerian Communication Commission (NCC) and NSE among others were fully in support of the programme to realise the listing plan.

He informed the Minister that MTN would like to partner with the ministry to enjoy its know-how leadership, stressing that “We will ensure that all the stakeholders in different sectors will be incorporated and it is important to obtain your input, support and guidance”.

In his official response, the Minister said the ministry would collaborate with MTN as it was her culture to uplift any brilliant idea to grow the nation and commended MTN for its contribution to our economy.

The Minister also assured MTN that “We will support you, study your proposal and make our own view”.

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