MTNĀ Applies to Nigerian Regulator for Share Listing
(Bloomberg) -- MTN Group Ltd. asked the Nigerian Securities & Exchange Commission for permission to proceed with a listing of its shares, according to two people familiar with the matter.
The company, Africa's biggest mobile-phone company by subscribers, applied to the Abuja-based SEC for a registration of shares and a listing on the Nigerian Stock Exchange, said the people who asked not to be identified because they're not authorized to speak publicly about the matter.
MTN appointed former Nigeria central bank Governor Lamido Sanusi to its board on Friday as part of the preparation for the listing and after the conversion of its Nigerian unit into a public company last week. The listing in Africa's most populous nation is a condition of the settlement of a $1 billion regulatory fine three years ago.
To contact the reporters on this story: Emele Onu in Lagos at eonu1@bloomberg.net;Anthony Osae-Brown in Lagos at aosaebrown2@bloomberg.net
To contact the editors responsible for this story: John McCorry at jmccorry@bloomberg.net, Paul Richardson, Antony Sguazzin
Ā©2019 Bloomberg L.P.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
