• Thu. Apr 18th, 2024

DòtunRoy.com

We Break the News

MTN Nigeria to be listed on the Nigerian Stock Exchange this Year!

MTN CEO, Rob Shuter Says that MTN Nigeria Will list on the Nigerian Stock Exchange Before the End of this Year

The Chief Executive Officer of MTN Group, Rob Shuter has disclosed that its Nigerian subsidiary, MTN Nigeria will be listed on the Nigeria Stock Exchange (NSE) before the end of this year.

He made this known in an interview with CNBC Africa on the sidelines of the World Economic Forum taking place in Davos, Switzerland.

This revelation may be a confirmation of a report by Nairametrics, yesterday, that the Chief Executive Officer of Nigeria Stock Exchange, Oscar Onyema had said that the exchange is still in talks with the Telco Giant to list on the NSE.

Rob Shuter was quoted thus:

“I had a very good meeting with Oscar in the week, so we absolutely committed listing MTN Nigeria on the Nigeria stock exchange. we were very far advanced last year, but of course, as you can imagine, some of the difficulties we had that has slowed us down. But we actually intend to complete the listing in 2019, and I think that we are in good shape to do that.”

This is not the first of the promise of an MTN Nigeria’s listing on the NSE. Recall that sometimes in April last year, Rob Shuter disclosed that the telecommunications company will be listing its Nigerian unit on the Nigerian Stock Exchange (NSE) by the end of 2018.

Kogi State government shuts Down MTN Facilities over Tax Backlog

This came after Shuter suggested in November 2017 that the process would be concluded by mid-year 2018.

Recall that MTN had agreed to the NSE initial public offering (IPO) as part of the settlement of a $1 billion fine imposed by local regulators in 2015.  The telco had incurred the penalty after its failure to disconnect unregistered subscribers before the set deadline.

And there were speculations that subsequent fines may have thwarted the aspiration. Recall that the Central Bank of Nigeria (CBN) ordered Africa’s largest wireless carrier to return $8.1 billion it allegedly repatriated illicitly over a period of eight years until 2015. The decision caught the company and its shareholders off guard and the shares plunged, the most in 20 years and its lowest value since 2009.

The recent resolutions may have helped this new resolution. But, we do hope that the promise will eventually find its fruition in 2019.

News Editor

Our News Editor, Muyiwa is an information management expert and Development Blogger with more than a decade experience in investigative reporting and journalism. He is passionate about human angle stories to all social issues in Nigeria and Africa.

33 thoughts on “MTN Nigeria to be listed on the Nigerian Stock Exchange this Year!”
  1. Hey there, I think your website might be having browser compatibility issues. When I look at your website in Ie, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, amazing blog!

  2. [url=http://thomasinteriorsystems.com/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]885[/url], [url=http://akm56.ru/bitrix/rk.php?goto=http://canadianpharmacynda.com/]60[/url], [url=http://www.indigo.pro/bitrix/redirect.php?event1=&event2=&event3=&goto=https://canadianpharmacynda.com/]709[/url], [url=http://quatropartners.com/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]551[/url], [url=http://countrygirl.tv/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]84[/url], [url=http://mypersonalskincare.com/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]416[/url], [url=http://cleanmydmsdata.com/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]829[/url], [url=http://jenileejewelry.com/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]104[/url], [url=http://curbyourenthusiasm.de/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com&sgroup=1]713[/url], [url=http://wepianos.com/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]534[/url]

  3. What color is your urine when your viagra without a doctor prescription is high? Sweet-smelling urine typically indicates the aspect of sugar or glucose. Of progression, having diabetes increases the chances of spilling glucose into the urine if blood glucose levels are too high. The kidneys last wishes as require their first essay to get at rid of excess glucose some time ago blood glucose levelshttp://medicationotc.com no prescription viagra climb exposed to 180 mg/dl. June 22, 2017 13:26

  4. Attractive section of content. I just stumbled upon your blog and in accession capital to assert that I acquire actually enjoyed account your blog posts. Anyway I’ll be subscribing to your augment and even I achievement you access consistently rapidly.

  5. I wanted to post a small note to be able to appreciate you for some of the remarkable techniques you are writing here. My particularly long internet investigation has finally been compensated with pleasant tips to go over with my colleagues. I would repeat that many of us readers actually are undeniably lucky to live in a magnificent community with so many wonderful people with very beneficial things. I feel very much lucky to have seen the website and look forward to some more awesome moments reading here. Thank you again for all the details.

  6. I have been exploring for a bit for any high quality articles or weblog posts on this kind of house . Exploring in Yahoo I ultimately stumbled upon this site. Reading this info So i’m happy to express that I have an incredibly just right uncanny feeling I found out exactly what I needed. I most unquestionably will make certain to do not omit this website and give it a look regularly.

  7. Online Crypto Casino – Yabby casino is ready to accept your bets. Try it for free with an exclusive $100 No Deposit bonus! Bonus is for Canada, USA, New Zealand, Australia, Sweden, Norway and Italy only. Take a No Rules bonus and start spining for real money and real money wins. …known as one of the leading gambling software providers for online casino platforms globally, there is no doubt RealTime Gaming has come a long way from its early beginnings. No deposit bonus codes are small passwords that will unlock specific bonuses. You can enter the right bonus code when you sign up with an RTG casino to get an instant reward. This way, you don’t even have to deposit to get a bonus. The extra funds or spins will be waiting for you in the casino balance. At VegasSlotsOnline.com, we offer you the world’s biggest free casino games selection. All our free slots are no download and will let you play for as long as you like. And if you do decide to play for real money, check out one of our recommended online slots casinos. https://curlyhairgurl.com/community/profile/alexandriaharo/ In this article, we simulated five popular betting strategies to try and determine which is the best. Gain the edge over the house by reading through our blackjack strategy guide. Read our step by step guide on how to play blackjack and get an understanding of all blackjack rules. The most important thing we look out for in an online gambling site is that our players can feel safe while playing. That means we only approve regulated and licensed sites that have proven that they treat players well. If a site has failed to pay its members or runs games that are not tested for fair play, then they won’t make our list. It is difficult to assume that this game was so unpopular at the beginning of the last century that gambling houses offered all sorts of bonuses and reduced their advantage in order to gain favor with the players. And this strategy worked – players noticed this type of gambling entertainment, and today even free online blackjack with other players is an integral part of any casino, both land-based and online.

Leave a Reply

Your email address will not be published.

eleven + fourteen =