The Nigerian Stock Exchange on Tuesday approved the listing of MTN Nigeria shares on the nation’s bourse.

A senior management at the NSE, who pleaded anonymity, told the News Agency of Nigeria that MTN Nigeria’s application for listing was approved on Tuesday.

The source said the company, barring unforeseen circumstances, would be listing a total of 20,354,513,050 shares at N90 per share on May 16.

The source told NAN that the company had completed all the necessary steps required by the exchange for listing, which led to the approval.

NAN reported that MTN Nigeria shares, when listed at N90 per share, would emerge the second largest company on the nation’s bourse after Dangote Cement, with a market capitalisation of N1.83tn.

The Securities and Exchange Commission recently confirmed the approval of MTN Nigeria’s application to be listed on the NSE by way of introduction.

Below is the press release by MTN;

https://www.tellforceblog.com/2019/05/nse-approves-mtn-listing-listing-to-start-on-may-16th-for-n90-per-share.html