Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,796,320 members, 6,680,201 topics. Date: Tuesday, 18 January 2022 at 09:23 AM

MTN Nigeria Gains N184b On First Day Of Trading On The NSE - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / MTN Nigeria Gains N184b On First Day Of Trading On The NSE (17383 Views)

The 6 Largest Individual Shareholders In MTN Nigeria / How To Invest In MTN Nigeria Shares. / I Got Arrested When Policemen Saw Bitcoin Trading On My Phone (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

MTN Nigeria Gains N184b On First Day Of Trading On The NSE by Onyemadonald(m): 4:13pm On May 17, 2019
MTN Nigeria Communications Plc has just listed its shares on the Nigerian Stock Exchange (NSE), rallying N184 billion gain in first day of trading. The NSE admitted, by way of introduction, 20.35 billion ordinary shares of MTN Nigeria Communications at N90 per share.

The shares, which were listed on the Premium Board of NSE immediately rose by the highest daily allowance price change of 10 per cent or N9 to close at N99 per share. National Council President NSE, Otunba Abimbola Ogunbanjo, said: “We are particularly pleased that MTN Nigeria has joined the prestigious club of companies listed on our Premium Board with this landmark transaction, which will differentiate it as a professionally run telecommunications company with high standards, having met The NSE’s listing criteria.

“A Premium Board listing is a sign of commitment to strong corporate governance, excellence, professionalism, efficiency in service delivery and providing increased returns to shareholders. “It is our expectation that the MTN Nigeria listing, which is the NSE’s 2nd largest, will encourage other telecommunication companies to list their shares on The Exchange, thereby opening the sector up to cheaper, long term capital that will boost innovation and development.”

Chief Executive Officer NSE, Mr. Oscar Onyema, said: “We are delighted to welcome MTN Nigeria to the Exchange. Today’s listing is a promising development in the country’s telecommunications sector and we encourage other players in the sector to explore the different opportunities in the capital markets for raising long term capital.

“As a listing platform of choice, today’s listing will add to our bouquet of diverse investment offerings to the public. “Having MTN Nigeria listed in our market is a testament of The Exchange’s commitment to building a dynamic and inclusive market and creating channels for sustainable investment. This listing will promote liquidity for MTN Nigeria and enhance its value.”

SOURCE: https://www.trendingaccounting.com/2019/05/mtn-nigeria-gains-n184b-in-first-day-of.html

5 Likes

Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by Intrepid01(m): 4:38pm On May 17, 2019
,
Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by rusher14: 4:38pm On May 17, 2019
Very good.

2 Likes 1 Share

Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by Donniefred(m): 4:38pm On May 17, 2019
Kai
Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by Nobody: 4:39pm On May 17, 2019
.
Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by seunmohmoh(f): 4:39pm On May 17, 2019
Good news.
Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by Nobody: 4:39pm On May 17, 2019
smiley

South Africa ti take over

4 Likes

Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by aolawale025: 4:39pm On May 17, 2019
There's money been made!

1 Like

Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by unitysheart(m): 4:39pm On May 17, 2019
Make i hustle 10000 ordinary shares, please.

3 Likes

Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by mrgraphics01: 4:39pm On May 17, 2019
g
Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by sirusX(m): 4:39pm On May 17, 2019
Can they now reduce their tarrif on data & calls?? cry

19 Likes 1 Share

Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by schoolnascam: 4:39pm On May 17, 2019
Please check my signature
Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by RexTramadol1: 4:40pm On May 17, 2019
No be small thing



Glo say hiiii

3 Likes

Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by jazon(m): 4:40pm On May 17, 2019
Chai! See money
Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by apriko(m): 4:40pm On May 17, 2019
I don't invest in an unstable capital market like Nigeria.....

3 Likes

Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by kittykollinxx(m): 4:40pm On May 17, 2019
MTN business acumen is top notch
Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by rockstar27(m): 4:40pm On May 17, 2019
HOW THEM DEY DO AM ABEG. I WANT TO BUY MY OWN SHARE

3 Likes

Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by FhukaFhuka: 4:41pm On May 17, 2019
grin

3 Likes 1 Share

Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by iammo(m): 4:41pm On May 17, 2019



Is it not Nigerian Companies and stock trading again, with their voodoo economics, when they need recapitalisation or funding, they make their stocks attractive to buyers, so that individuals can subscribe to their shares there by making them richer, without a corresponding Asset to back the investors share

i laugh seeing people jubilate at more money entering MTN's account

.

25 Likes 1 Share

Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by Investmentfreak: 4:43pm On May 17, 2019
How can I buy 100shares?
Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by contigiency(m): 4:44pm On May 17, 2019
This is one of the genuine ways of growing the economy, by additions and not just by rebasing.

1 Like

Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by Opinedecandid(m): 4:44pm On May 17, 2019
I'm the last person to buy shares from this south African firm

1 Like

Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by MANNABBQGRILLS: 4:45pm On May 17, 2019
So happy we made the move the very first day.

We will only be careful with it all, as with other investments.

Nothing last FOREVER....
Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by SouthSouth1914: 4:45pm On May 17, 2019
Very nice move
Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by Mrkumareze(m): 4:46pm On May 17, 2019
Very soon them go receive another sanction that 'll send them packing ... now that naija spirit don enter the biz, the death is already at the corner

1 Like

Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by Nobody: 4:46pm On May 17, 2019
sirusX:
Can they now reduce their tarrif on data & calls?? cry
grin grin
Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by plumule(m): 4:47pm On May 17, 2019
I hope the 4gig they give me will start working now since they have plenty money now not to feel the pain of seeing me use the 4gig I didn't pay for.



Rich people will always be growing richer

4 Likes

Re: MTN Nigeria Gains N184b On First Day Of Trading On The NSE by wakes: 4:49pm On May 17, 2019
wow

(1) (2) (3) (Reply)

How True S Arocom Empowerment / N1.04trn Fine: Nigerian Lawyers Challenge NCC In Court / How To Invest Effectively!

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2022 Oluwaseun Osewa. All rights reserved. See How To Advertise. 63
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.