Tuesday, 27th September 2022
<To guardian.ng
Search

MTN Nigeria shares drop as EFCC investigates listing

MTN Nigeria shares are down 7 per cent after the telecoms firm confirmed that it received a letter from Nigeria's Economic and Financial Crimes Commission requesting information and documentation relating to the listing of its shares on the Nigerian Stock Exchange by way of Introduction. Chinedu Anozia, CEO of AUX Capital joins CNBC Africa to discuss this story and other headlines around Nigeria’s equities market.

Related

8 Mar 2017
Nigeria's largest telecommunications company MTN Nigeria has postponed plans to list on the Nigerian Stock Exchange citing macroeconomic conditions.
8 May 2019
The Federal High Court in Lagos has ruled against the preliminary objection filed by Nigeria's Attorney General in response to the three billion Naira suit filed against him by telecoms operator MTN Nigeria. The court ruled that MTN Nigeria met the deadline to respond to the tax demand levelled by the Attorney General of the Federation.
16 May 2019
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.
17 May 2019
Ahead of MTN Nigeria's listing today, Bolaji Balogun, CEO of Chapel Hill Denham joins CNBC Africa’s Esther Awoniyi from the floor of the Exchange to share his perspective on the significance of this listing.
21 May 2019
Ahead of MTN Nigeria’s planned listing on the Nigerian Stock Exchange, CNBC Africa’s Debbie Movoria spoke to some analysts on their expectations of the listing on the country’s capital market.
19 May 2019
MTN group goes ahead with its Nigerian listing today with the price set at 90 naira. CNBC Africa reporter Esther Awoniyi shares more details.
18 May 2019
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.
16 May 2019
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.
17 May 2019
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.
20 May 2019
Stanbic IBTC was one of the financial advisers in the listing by introduction MTN Nigeria on the Nigerian Stock Exchange. Funso Akere, Chief Executive at Stanbic IBTC Capital joined CNBC Africa’s Esther Awoniyi on the floor of the exchange to share some insight on the process.
20 May 2019
Stanbic IBTC was one of the financial advisers in the listing by introduction MTN Nigeria on the Nigerian Stock Exchange. Funso Akere, Chief Executive at Stanbic IBTC Capital joined CNBC Africa’s Esther Awoniyi on the floor of the exchange to share some insight on the process.
23 May 2019
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.