(Ecofin Agency) - MTN might very well list on the Nigerian Stock Exchange this year, announced NSE Chief Executive Oscar Onyema. The official indicated that his teams were working with the mobile phone operator’s to this end. “The pressure on MTN has never been higher to list,” Onyema said.
Despite Nigeria being a key market for MTN, it remais that the nation made 2016 a quite difficult year the operator as its authorities asked it, in that year, to pay a heavy fine for failing to deactivate 5.1 million unregistered SIM cards. The listing is in fact one of the measures imposed the firm to bring down the fine.
The group has paid of this fine N130 billion, out of N330 billion.
