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Home Business News

MTN Nigeria changes status to a public company ahead of June IPO

Emmanuel Abara Benson by Emmanuel Abara Benson
April 24, 2019
in Business News, Company News
MTN Nigeria, NCC

MTN's Office

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The Chief Executive Officer of MTN Nigeria, Mr Fredi Moolman, earlier today confirmed that the telco has converted from a limited liability company to a public limited liability company ahead of its planned listing on the Nigerian Stock Exchange.

Explaining the move, Mr Moolman stated that it is part of the requirement necessary for the company’s eventual listing on the Nigerian bourse.

“Our conversion to a Plc is a major step towards listing by introduction on the Nigerian Stock Exchange in the first half of 2019.

“It is a reaffirmation of our long-term commitment to expanding investment opportunities for Nigerians, in addition to providing everyday services to them. We look forward to continuing our engagement with the SEC and NSE to take forward the listing process.”

MTN Nigeria‘s Initial Public Offering on the Nigerian Stock Exchange is expected to happen before the end of June this year.

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It has been one of the most anticipated IPOs in Nigeria, thanks in part to the status of the company as the leading telecom operator in Nigeria, as well as the many controversies that have heralded it.


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Emmanuel Abara Benson

Emmanuel Abara Benson

Emmanuel Abara Benson is an experienced business reporter and editor. He currently edits articles at Nairametrics. Reach him via email on Emmanuel.abara@nairametrics.com and follow him on Twitter @Mr_Abara for his personal opinions.

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Recent News

  • LivingTrust grows half-year profit by 32.8% on N2 billion interest income, strong operations 
  • Experts anticipate modest decline in June inflation, but food prices remain a threat 
  • Nigerians’ data consumption surges to 1.04 million terabytes in May despite decline in internet users

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Recent News

LivingTrust grows half-year profit by 32.8% on N2 billion interest income, strong operations 

LivingTrust grows half-year profit by 32.8% on N2 billion interest income, strong operations 

July 14, 2025
Insurance Sector: Nigeria’s galloping inflation to drive claim costs 

Experts anticipate modest decline in June inflation, but food prices remain a threat 

July 14, 2025
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