MTN Nigeria’s subscribers hits 6m, aims listing in first half


LAGOS, March 7 – South Africa’s telecoms group MTN aims to list its Nigerian unit on the Nigerian Stock Exchange during the first half of 2019 without raising new money from investors immediately, MTN Nigeria said on Thursday.

MTN Nigeria said it would simplify its capital structure prior to the listing.

The Nigerian company said its subscriber base grew to 58 million users in 2018, up 6 million.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.


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