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MTN Registers Over N20billion Shares With SEC

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Mobile Telecommunication Network (MTN) Nigeria has announced today it has successfully completed the registration of 20,354,513,050 ordinary shares of N0.02 each with the Securities and Exchange Commission (SEC).

Speaking on the announcement, the MTN CEO, Ferdi Moolman revealed this in a comment, adding, this brings the mobile giant closer to listing on the Nigerian Stock Exchange (NSE).

 “I am excited we have achieved another milestone in our listing process and want to thank the SEC and the Corporate Affairs Commission (CAC) for supporting us through the process. We have now begun to engage with the Nigerian Stock Exchange (NSE) to complete the listing process,” he said.

Recall that TechEconomy.ng recently published a report in which MTN Nigeria Communications Plc (MTN) announced the completion of its conversion from a private company to a public company (Plc).

The conversion to a Plc was a legal requirement and key milestone in the preparatory process for MTN’s listing by introduction on The Nigerian Stock Exchange (NSE).

Emir Sanusi Lamido Sanusi, Dr. Abdullahi, others join MTN Board

Barely four days ago, MTN Group announced the appointment of His Royal Highness, Sanusi Lamido Sanusi, Emir of Kano to its Board of Directors effective July 2019.

HRH Sanusi is a former Governor of the Central Bank of Nigeria from 2009 to 2014, during which he was named as one of the 100 most influential people in the world (2011) by TIME magazine, and was voted the Central Bank Governor of the Year by the Banker Magazine.

The six member board will be chaired by former South African president, Thabo Mbeki, and includes Dr Aisha Abdullahi from Nigeria.

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Nigerian becomes MTN Nigeria CTO

Just yesterday, MTN Nigeria announced the appointment of Mohammed Rufai as its Chief Technical Officer.

In this role, he will be responsible for defining MTN’s Technology Strategy and roadmap; designing and planning all aspects of the business’ network operations; oversee continued implementation of aggressive network rollout schedules; development and maintenance of technology infrastructure, as well as policy formulation and review.

Now, the completion of this process sets in motion the next steps in MTN’s intended listing by introduction on the Nigerian Stock Exchange (NSE). – Techeconomy

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