SEC approves MTN’s listing on NSE

The Securities and Exchange Commission (SEC) can confirm that the application by MTN Nigeria to register their existing securities has been approved.

Head, Corporate Communication SEC, Efe Ebelo, in a statement in Abuja on Wednesday quoted the Commission’s Acting Director General, Ms. Mary Uduk, as saying that “MTN sought to come to the market by way of an introduction and they wrote to the SEC last week requesting for approval to register its existing shares. That approval has now been granted”.

MTN had last week applied to the SEC to register the company’s’ existing securities on the Nigeria Stock exchange (NSE).

The Commission’s spokesperson, had last week confirmed the receipt of the application from MTN.  

This is a further indication of the determination by SEC to work with companies that are interested in the capital market. We believe that this will also encourage other service providers to come to the market.

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