Monday, July 14, 2025
23.2 C
Lagos

‘MTN Nigeria Will Not Go Public in April 2018’

Despite the recent assurance from Mr. Rob Shuter, Group CEO of MTN that its Nigerian operation will enlist on the Nigerian Stock Exchange (NSE) in April 2018, a senior official says the company is still thinking through the process of going public in Nigeria due to the huge fine imposed on it by the Nigerian Communications Commission (NCC).

The official told Business Journal in Lagos that the announcement of the April 2018 date was meant to deflect intense pressure on the company from the Nigerian government and the NCC.

He maintained that the company will possibly shift the date of going public as much as possible until the pressure on them wanes.

spot_img
spot_img
spot_img

Hot this week

NAICOM, Insurance Industry Mourn Buhari

It is with profound sadness that we received the...

Polaris Bank Partners Woodhall Capital, UK, Lagos State in ₦1.5bn Creative Economy Fund

L-R- Abimbola Ozomah, Executive Director, Polaris Bank; Mojisola Hunponu-Wusu,...

Heirs Insurance Group Reports N61bn GWP in 2024, an Increase of 70%

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Stanbic IBTC Holdings Meets CBN’s N200bn Recapitalisation Policy

In a landmark achievement that highlights the steadfast confidence...

SanlamAllianz Partners NCRIB on 2025 Empowerment Series

Dr. Abosede Adegbite, Consultant, Family Physician; Tope Adaramola, Executive...

Topics

3 Modular Refineries Ready for Business in 2019

The Minister of State for Petroleum Resources, Dr. Ibe...

Why N300m Insurance Rebranding Project Failed

The N300 million insurance rebranding project designed to redress...

Union Bank Sets Up Mini Branch at Lagos Trade Fair

Following the recent unveiling of Union Bank’s new identity and in its bid to make banking simpler and smarter for customers and prospects, the Bank has announced that it is participating in the 2015 edition of the Lagos International Trade Fair to showcase its simpler and smarter banking solutions and also its rebranded service delivery.

Brokers Seek Synergy with Lagos State on Insurance Education

L-R: Deputy President of The Nigerian Council of Registered...

Insurance, Aviation Leaders Seek Synergy for Market Growth

  A high-level stakeholders follow up meeting of the insurance...

NCC Reports 97% Readiness Level for 5G Deployment in Nigeria

The Nigerian Communications Commission’s (NCC’s) plan for Fifth Generation...

How Mobile Internet is Transforming Businesses in Nigeria

With sub-US$50 smartphones on the way, rapid improvements to...

Access Bank Grows Q3 Profit to N72bn

Access Bank Plc has announced an impressive profit of...
spot_img

Related Articles

Popular Categories

spot_imgspot_img