Stanley Opara


Contrary to the belief that MTN Nigeria ’ s discussion with the Securities and Exchange Commission with respect to the telco ’ s planned listing on the Nigerian Stock Exchange has reached advanced stage , investigation by our correspondent shows that SEC has yet to receive any document from MTN indicating an interest .

When The PUNCH reached SEC to confirm the state of affairs , a top official of the commission said the department concerned with new listings on the local bourse was not in possession of any document showing that MTN had a listing programme on the Nigerian Stock Exchange .

Responding to queries from our correspondent on MTN Nigeria ’ s communication with SEC as regards it well publicised listing on the Exchange , the source said, “there is no such thing in a document here . In fact , they have not come to us . ”

The Chief Executive Officer , NSE , Mr . Oscar Onyema , told newsmen mid - January this year that the Exchange would not comment on the planned listing of MTN as it ( NSE ) was not in the right position to speak for the telco .

Onyema said, “ MTN has to tell its own story , and not us doing so for it. ”
Reacting to the planned listing of the telecoms firm , an official of MTN , who pleaded anonymity, told our correspondent that the company was still committed to its plan to list on the Exchange .
The official told our correspondent that “the listing process is on course. ”

In November 2017 , the MTN Group Limited said it was focused on laying the groundwork for an initial public offering of its Nigerian business and should complete the process in the next six months , meaning May 2018 latest .

Its Chief Executive Officer , Rob Shuter, was quoted to have said, “We have a lot of advisers running around and getting everything ready , ” in an interview with Bloomberg TV.

He added , “ It’ s a complicated process and there’ s a lot of regulation that needs to be arranged . We are moving forward well with the project and anticipate concluding that in the next six months or so . ”
MTN agreed to the IPO as part of the settlement of a $ 1 bn fine imposed by the Nigerian Communications Commission on it in 2015 .

The firm , which is Africa ’ s biggest wireless operator by sales, incurred the penalty after missing a deadline to disconnect unregistered subscribers amid a security crackdown in the country . Since then , the CEO said he had been “ pleased ” with MTN ’ s operation in Nigeria , the biggest of the Johannesburg- based company’ s 22 markets across Africa and the Middle East .

In January last year , the NSE said it was working “ very closely” with MTN on the listing of its shares in the country ’ s bourse.

“ The pressure on MTN has never been higher to list , ” the NSE CEO told a business conference then , adding, “There ’ s a project team working with them . ”
Onyema said he expected MTN ’s listing to drive the IPO market , which has virtually slowed down in the past year .

MTN had appointed Stanbic IBTC Capital , Standard Bank of South Africa and Standard Advisory London , and Citigroup Global Markets, as joint transaction advisors and global coordinators , with Stanbic acting as the lead issuer.



http://punchng.com/weve-received-no-document-on-listing-from-mtn-sec/

Jumping upndan. FTC

Scratching my scrotum like MTN scratch card.

Can't wait to subscribe.

oka4ugoo:
Jumping upndan. FTC

Scratching my scrotum like MTN scratch card.

Can't wait to subscribe.

NIGERIA NEWSPAPERS: TODAY'S THE VANGUARD NEWSPAPER HEADLINES [2ND FEBRUARY , 2018].
Naija Newspapers


Below are the headlines found on The Vanguard Online Newspaper for today, Friday, 2nd February, 2018.

Taraba'll be attacked in 10 days, Gov cries out
Fri, 02 Feb 2018
Governor Darius Ishaku of Taraba State and lawmakers from the state in the House of Representatives, yesterday, raised alarm over planned attack on the state in the next 10 days.
The lawmakers have petitioned President Muhammadu Buhari to take action to stem the attack. The governor dropped hint of the attack yesterday in Jalingo when the National Chairman of Peoples Democratic Party, PDP, Mr. Uche Secondus, paid him a condolence visit over the death of the member representing Takum in the State House of Assembly, Hosea Ibi. He said the state has had its share of herdsmen attacks and killings since the beginning of the year, noting that the situation in his state was as bad as that of Benue. He said: ‘’National chairman, it’s indeed a thing of joy for you and the National Working Committee, NWC, of our party to come and condole with us here in Taraba. Mr. Chairman, I have all the members of Taraba State House of Assembly here with me, I have informed them that


you are coming for condolences and they are all here with me. Security has deteriorated ‘’Mr. Chairman, to tell you how the Nigerian security has deteriorated, Hon. Hosea Ibi left me, just an hour later, I received a call from his colleague, Mark

http://www.naijanewspapers.com.ng/2018/02/nigeria-newspapers-todays-vanguard.html

MTN had appointed Stanbic IBTC Capital , Standard Bank of South Africa and Standard Advisory London , and Citigroup Global Markets, as joint transaction advisors and global coordinators , with Stanbic acting as the lead issuer.



The way to go.....

mtn

So?

Foreigners invade our country and reck our economy and run away, try that in China they deal with you

Ordinary Benin republic is dealing with GLOBACOM , While Nigeria can't teach MTN a lesson?

Visit this thread to view spectacular 3D views and their approx construction prices
https://www.nairaland.com/2915461/3d-views-buildings-harneyproject-team

And chief of staff kyari has collected #500m bribe..