MTN to list shares in Nigeria

A telecommunication giant, MTN Nigeria, says it is working to list its shares on the Nigeria Stock Exchange next year.

The company’s Public Relations/protocol Manager, Funso Aina, who made this known in a statement, said the proposal was part of the agreement reached with the Presidency to resolve the fine imposed by the Nigerian communication commission.

He said the company would set up a management task team to guide it on the proposed listing of the share.

Aina said Stanbic IBTC Capital Limited and its affiliates, the Citigroup Global Market Limited as transaction advisers, while Joint Global will be the coordinator.

He said the company would later appoint in due course a full syndicate involving Nigeria receiving banks and other advisers.

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