The Nigerian Stock Exchange and MTN Nigeria have put out statements addressing some issues raised about the listing of the company's shares on the Premium Board of the NSE by way of Introduction. Kemi Awodein, Managing Director of Chapel Hill Denham joins CNBC Africa to clarify some of these issues.
MTN Group says the listing of its Nigerian unit on the local bourse is a step in the right direction towards increasing local ownership in MTN Nigeria. Seun Ameye, Fixed Income Trader at CITI Nigeria joins CNBC Africa to discuss the expected impact of the listing on Nigeria’s capital market.
Today is the much-anticipated landmark listing by way of introduction of 20.4 million ordinary shares of MTN Nigeria shares on the Premium Board of the Nigerian Stock Exchange; Oscar Onyema, CEO of the Nigerian Stock Exchange and MTN Nigeria CEO Ferdi Moolman join CNBC Africa’s Esther Awoniyi from the floor of the NSE to share what this listing means for the Nigerian bourse.
As MTN Nigeria plans to list about 20.35 billion shares on the Nigerian Stock Exchange by way of introduction tomorrow, Tajudeen Ibrahim, VP and Head of Research at Chapel Hill Denham joins me to assess the equities market on the eve of this landmark listing.
Nigeria’s largest mobile operator, MTN Nigeria, says it has received approval to list on the Premium Board of the Nigerian Stock Exchange by way of introduction. The CEO of MTN Nigeria Ferdi Moolman says the company still intends to pursue a future public offer in order to give more Nigerians greater access to the MTN opportunity. Aigboje Higo, Managing Director of Capital Bancorp joins CNBC Africa to explain the process of listing by introduction.