MTN Nigeria and the Nigerian Stock Exchange are currently finalizing the necessary details for the listing of the telecom operator on the Exchange this year, according to an announcement by NSE Chief Executive Officer, Oscar Onyema.
Onyema indicated that his teams were working with the mobile phone operators to this end.
“The pressure on MTN has never been higher to list,” Onyema said.
Despite Nigeria being a key market for MTN, it remains that the nation made 2016 a quite difficult year for the operator as its authorities asked it, in that year, to pay a heavy fine for failing to deactivate 5.1 million unregistered SIM cards.
The listing is in fact one of the measures imposed the firm to bring down the fine.
The group has paid about N130 billion, out of the final N330 billion agreed between the parties.
Aaron Akinocho
