The Securities and Exchange Commission (SEC), has opened discussions with MTN to ensure successful electronic listing of the telecoms company on the Nigerian Stock Exchange (NSE).
The Director-General of SEC, Mounir Gwarzo, made the disclosure at the Second Post-Capital Market Committee news conference on Wednesday in Lagos.
According to Mr. Gwarzo, the parties have been on the matter since the past two months. He said that the NSE had provided needed ideas to MTN on ways to go about the issue in the interest of retail investors.
“MTN Nigeria is back and we are on course as regards its listing on NSE,” Mr. Gwarzo said.
Recall that MTN had in June said it would list its shares on the NSE this year.
According to the SEC boss, the application processes would be digitalised in a way that there would be minimal utilisation of paper, given that the Nigerian Communications Commission and the NSE, among others, are in support of the plan.