Goddy Egene
The Securities and Exchange Commission (SEC) last Friday said it was still awaiting the formal application of telecommunication giant, MTN to list its shares on the Nigerian Stock Exchange (NSE).
The telco recently said its shares would be listed before the end of first half of the year.
However, the Acting Director General of SEC, Ms. Mary Uduk, said even though the regulator has had some discussions on the planned listing of the telco, MTN was yet to present a formal application.
“I know that MTN has decided to come to the market through listing by introduction and I know they working hard towards it and have visited the commission. But there has not been any formal application from the company,” Uduk said.
The Chief Executive Officer, MTN Nigeria, Mr. Ferdi Moolman, recently disclosed that save for the disagreement the company had with the Central Bank of Nigeria (CBN) last year, it would have gone ahead with its…
