MTN Nigeria Communications Plc will open a public offering for its shares and a bid from institutional investors in a transaction totalling 575 million units.
The telecoms giant announced this Thursday stating that the corporate action would marks the first time the local unit of Johannesburg-based MTN Group will welcome subscription from the public roughly two and a half years after it debuted on the Nigerian Exchange Limited (NGX) by way of introduction.
The offer window closes in December.
“This is the first step in MTN Group’s previously communicated statement of intent to sell down approximately 14 per cent of its shareholding in MTN Nigeria,” the wireless carrier told the NGX via a statement.
MTN Nigeria shares, listed in Lagos, have returned 19.46 per cent in the last one year as of 09:54 WAT on Thursday.
As Nigeria marks another historic June 12 Democracy Day, prominent political leader, Aarebirin Hon. Princess…
OLALEKAN ONI As Nigeria marks another Democracy Day, the Executive Chairman of Ikeja Local Government,…
JMG Limited, Nigeria’s foremost integrated electromechanical solutions company is celebrating 28 years of innovation, growth, and industry leadership, marking…
Insight Redefini Group, Nigeria and West Africa’s largest integrated marketing communications network and a member…
BY FUNSHO AROGUNDADE Access Holdings Plc Chairman Aigboje Aig-Imoukhuede said the group has completed 20…
These are the details of proposed Constitutional Amendments for the Establishment of the State Police…