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Nairaland Forum / Nairaland / General / Business / Billionaire Investors: 6 Largest Individual Shareholders In MTN Nigeria (1393 Views)
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Billionaire Investors: 6 Largest Individual Shareholders In MTN Nigeria by Nobody: 6:18pm On May 19, 2019 |
MTN Group Limited, Africa’s largest mobile phone company, last week, listed its Nigerian unit on the Nigerian Stock Exchange . MTN Nigeria is the market leader in the mobile telecom space in Africa’s most populous country, with more than 67 million customers at the end of last year, according to the Nigerian Communications Commission (NCC). According to Forbes, with a market capitalization north of $6 billion, MTN Nigeria becomes the second largest company on the Nigerian bourse after Dangote Cement which has a current value of more than $8.3 billion. MTN chose a listing without an IPO, simply opting to list its existing shareholders’ equity. Its current stock price is N108 per share. The paperwork it filed for its public listing also reveals who the biggest individual shareholders are. Meet the 6 richest shareholders of MTN Nigeria. 1. Victor Odili Value of Shares: $244 million Victor Odili is MTN Nigeria’s largest individual shareholder with 806,886,900 shares currently valued at N87.7 billion ($244 million). The Nigerian businessman is the chairman and executive director of Aeromaritime Group, a parent company to over 8 member-companies operating in different sector across Nigeria including shipping, stevedoring and oil and gas. 2. Pascal Dozie Value of Shares: $102 million Pascal Dozie is the founder of Diamond Bank, a commercial bank which recently merged with Access Bank to create one of Nigeria’s largest financial institutions. His Family Office, Kunoch Limited has investments in hotels, financial services and energy in Nigeria. Dozie owns 340,409,900 shares or 1.67% of MTN Nigeria, a stake currently valued at N37.07 billion ($102 million). 3. Sani Mohammed Bello Value of Shares: $80.1 million Sani Bello is the founder of Amni International Petroleum Development Co., a Nigerian oil exploration company. He owns 265,092,150 shares or 1.3% of MTN Nigeria, a stake currently valued at N28.87 billion ($80.1 million). 4. Babatunde Folawiyo Value of Shares: $66.1 million Tunde Folawiyo is the managing director of the Yinka Folawiyo Group, a conglomerate with interests in energy, agriculture, shipping, real estate and engineering. He owns 218,815,100 shares or 1.07% of MTN Nigeria, a shareholding that is worth N23.83 billion ($66.1 million). 5. Gbenga Oyebode Value of Shares: $55 million One of Nigeria’s most renowned commercial lawyers, Gbenga Oyebode is a founder and Managing Partner of Aluko & Oyebode- a successful corporate and commercial law firm in Nigeria. He owns 181,776,250 shares or 0.89% of MTN Nigeria, a stake that’s currently worth N19.8 billion ($55 million). 6. Ahmed Dasuki Value of Shares: $53.75 million He is the founder of Quaditect Consultants. He is also the chairman of Drill Masters Africa, the largest indigenous exploration drilling company in Ghana, the chairman and Chief Executive Officer of XEX Limited Nigeria and the chairman of Interglobal Limited, a leading IT company in Nigeria. He owns 152,717,850 shares or 0.75%, currently worth N19.35 billion ($53.75 million). https://www.legit.ng/1239104-meet-6-largest-individual-shareholders-mtn-nigeria.html?fbclid=IwAR204N5Q5gNCTGK0K40r5r7X2jprpAcVNY5KP9w_e-P2QgeuC6iQCOH0mUE Lalasticlala |
Re: Billionaire Investors: 6 Largest Individual Shareholders In MTN Nigeria by bakila: 6:23pm On May 19, 2019 |
Ok, MTN has protected itself against the addiction of fining the company. |
Re: Billionaire Investors: 6 Largest Individual Shareholders In MTN Nigeria by Nobody: 6:26pm On May 19, 2019 |
I will buy more shares than Seun and Lalasticlala when they do IPO for Nairaland 2nd to comment PLC. |
Re: Billionaire Investors: 6 Largest Individual Shareholders In MTN Nigeria by plaindealer: 6:32pm On May 19, 2019 |
1. Victor Odili According to some people, this man 2. Pascal Dozie is the owner of MTN, but he's actually a shareholder and his shares/ ownership is less than half of the largest owner and shareholder. |
Re: Billionaire Investors: 6 Largest Individual Shareholders In MTN Nigeria by OreMI22: 6:37pm On May 19, 2019 |
[s] Osagyefo98:[/s] Use the money Fulani have been stealing from Nigeria to invest once in clean business that will develop Nigeria instead of shipping the money abroad. |
Re: Billionaire Investors: 6 Largest Individual Shareholders In MTN Nigeria by tuniski: 6:39pm On May 19, 2019 |
plaindealer: Shareholders are owners of a company therefore yes he is owner of MTN. 1 Like |
Re: Billionaire Investors: 6 Largest Individual Shareholders In MTN Nigeria by plaindealer: 6:47pm On May 19, 2019 |
tuniski: According to some people, this man 2. Pascal Dozie is the owner of MTN, but he's actually a shareholder and his shares/ He is an owner as stated in my initial post, but I was talking about the largest shareholder Vs previous claims by some people that he is the largest shareholder and in fact that he's the outright owner. Learn how to read and comprehend. |
Re: Billionaire Investors: 6 Largest Individual Shareholders In MTN Nigeria by tuniski: 8:16am On May 20, 2019 |
plaindealer: Long epistle. 1 Like |
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