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

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Very good.

Kai

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Good news.

South Africa ti take over

There's money been made!

Make i hustle 10000 ordinary shares, please.

g

Can they now reduce their tarrif on data & calls??

Please check my signature

No be small thing



Glo say hiiii

Chai! See money

I don't invest in an unstable capital market like Nigeria.....

MTN business acumen is top notch

HOW THEM DEY DO AM ABEG. I WANT TO BUY MY OWN SHARE

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

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How can I buy 100shares?

This is one of the genuine ways of growing the economy, by additions and not just by rebasing.

I'm the last person to buy shares from this south African firm

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....

Very nice move

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

sirusX:
Can they now reduce their tarrif on data & calls??

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

wow