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Nairaland Forum / Nairaland / General / Investment / The 6 Largest Individual Shareholders In MTN Nigeria (50507 Views)
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The 6 Largest Individual Shareholders In MTN Nigeria by gcey2k(m): 11:35am On May 20, 2019 |
Last week, MTN Group Limited, Africa’s largest mobile phone company, listed its Nigerian unit on the Nigerian Stock Exchange. MTN Nigeria is the market leader in the mobile telecom space in Africa’s most populous country, with more than 67 million customers at the end of last year, according to the Nigerian Communications Commission. With a market capitalization north of $6 billion, MTN Nigeria becomes the second largest company on the Nigerian bourse after Dangote Cement which has a current value of more than $8.3 billion. MTN chose a listing without an IPO, simply opting to list its existing shareholders’ equity. Its current stock price is N108 per share. The paperwork it filed for its public listing also reveals who the biggest individual shareholders are. Even though most of them on this list have used their MTN shares as collateral for humongous loans according to a highly placed Nigerian banking executive who confided in this reporter, these are the 6 richest shareholders of MTN Nigeria. Source: Mfonobong Nsehe https://www.forbes.com/sites/mfonobongnsehe/2019/05/19/meet-the-6-largest-individual-shareholders-in-mobile-telecom-giant-mtn-nigeria/amp/ 3 Likes 2 Shares
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Re: The 6 Largest Individual Shareholders In MTN Nigeria by Tocynone(m): 11:37am On May 20, 2019 |
A promising investment |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by gcey2k(m): 11:39am On May 20, 2019 |
Victor Odili Value of Shares: $244 million Victor Odili is MTN Nigeria’s largest individual shareholder with 806,886,900 shares currently valued at N87.7 billion ($244 million). The Nigerian businessman is the chairman and executive director of Aeromaritime Group, a parent company to over 8 member-companies operating in different sectors across Nigeria including shipping, stevedoring and oil and gas. Pascal Dozie Value of Shares: $102 million Pascal Dozie is the founder of Diamond Bank, a commercial bank which recently merged with Access Bank to create one of Nigeria’s largest financial institutions. His Family Office, Kunoch Limited has investments in hotels, financial services and energy in Nigeria. Dozie owns 340,409,900 shares or 1.67% of MTN Nigeria, a stake currently valued at N37.07 billion ($102 million). Lalasticlala 8 Likes 4 Shares |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by gcey2k(m): 11:41am On May 20, 2019 |
Sani Mohammed Bello Value of Shares: $80.1 million Sani Bello is the founder of Amni International Petroleum Development Co., a Nigerian oil exploration company. He owns 265,092,150 shares or 1.3% of MTN Nigeria, a stake currently valued at N28.87 billion ($80.1 million). Babatunde Folawiyo Value of Shares: $66.1 million Tunde Folawiyo is the managing director of the Yinka Folawiyo Group, a conglomerate with interests in energy, agriculture, shipping, real estate and engineering. He owns 218,815,100 shares or 1.07% of MTN Nigeria, a shareholding that is worth N23.83 billion ($66.1 million). 3 Likes 2 Shares |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by gcey2k(m): 11:42am On May 20, 2019 |
Gbenga Oyebode Value of Shares: $55 million One of Nigeria’s most renowned commercial lawyers, Gbenga Oyebode is a founder and Managing Partner of Aluko & Oyebode- a successful corporate and commercial law firm in Nigeria. He owns 181,776,250 shares or 0.89% of MTN Nigeria, a stake that’s currently worth N19.8 billion ($55 million). Ahmed Dasuki Value of Shares: $53.75 million He is the founder of Quaditect Consultants. He is also the Chairman of Drill Masters Africa, the largest indigenous exploration drilling company in Ghana, the Chairman and Chief Executive Officer of XEX Limited Nigeria and the Chairman of Interglobal Limited, a leading IT company in Nigeria. He owns 152,717,850 shares or 0.75%, currently worth N19.35 billion ($53.75 million). |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by tillaman(m): 1:56pm On May 20, 2019 |
Mehn, some people are so freaking rich that the only problem they might be facing is how to spend their money! These figures am ehn you can’t finish it in a life time! Aje 57 Likes 1 Share |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by MrsNwaAmaikpe(f): 1:56pm On May 20, 2019 |
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Re: The 6 Largest Individual Shareholders In MTN Nigeria by Phyqee10(m): 1:56pm On May 20, 2019 |
Na dem!! |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by Authoreety: 1:56pm On May 20, 2019 |
Na so |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by MrPresident1: 1:56pm On May 20, 2019 |
Elpresidente MrPresident1 Value of Shares: $1 billion One of Nigeria’s most renowned end time preachers, Elpresidente MrPresident1 is a prolific preacher on Nairaland, a successful corporate preacher in Nigeria. He owns 700,000,000 shares or 25% of MTN Nigeria, a stake that’s currently worth N360 billion ($1 billion). 34 Likes 2 Shares |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by bamirotola: 1:57pm On May 20, 2019 |
Tooh |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by Thekillingjoke: 1:57pm On May 20, 2019 |
Pascal Dozie!!! Money Man 15 Likes |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by demolinka(m): 1:57pm On May 20, 2019 |
Op where my name ![]() 5 Likes |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by illiteratepmb: 1:58pm On May 20, 2019 |
Good investors 2 Likes |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by Birikiti: 1:58pm On May 20, 2019 |
Well played |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by Okoyeebows: 1:58pm On May 20, 2019 |
Before you put 1 Naira in the Nigerian stock exchange, go and watch THE WOLF OF WALL STREET. Nigerian Stock Exchange is a place run by Judas Iscariots. Go and find out what Ndi Okereke Onyuike did there. Go and find out what Transcorp did there. People regularly get burnt in that place of corporate scammers, you need sound financial education to make money there. Let me tell you a secret Mtn doesn't want you to know. There is a company called MTN International (Mauritius) Limited, which has the controlling 76.08 per cent equity, or 15,485,544,050 shares valued at about N309.71 billion. Once they recoup their money paid as fine with extra by gullible Nigerians, they are getting out. That's exactly how Etisalat got a cash investment and Mudabala telecoms (the Arab owners) ran off with the money. What most people don't know is that just last Friday, Mtn borrowed 200 Billion for a 7 year tenure from a consortium of banks just Friday 17th of May. You see that fine mtn paid, they are stylishly collecting it back from Nigerians. They would eventually dump everything and run off like Etisalat. They are scamming as much people as possible preparatory to running away. The banks they obtained the loan from know this but they don't care. They would willingly take over mtn like they did to Etisalat. This same Gbenga Oyebode on Mtn board is the chairman of Access bank. Go and find out what Access bank did to Etisalat. Edit: 5 days after made this post, EFCC raided Mtn's head office for alleged manipulation of the stock market. For those insulting me for saying the truth, don't let your greed make you support your fellow humans being fleeced by crooks. 181 Likes 19 Shares |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by superstar1(m): 1:58pm On May 20, 2019 |
Wazobia |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by nepapole(m): 1:58pm On May 20, 2019 |
I cant find my name there.... Op, goan check VAR oooo.. 6 Likes |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by nairalandbuzz(m): 1:58pm On May 20, 2019 |
Na dem dem |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by mimilogistics: 1:59pm On May 20, 2019 |
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Re: The 6 Largest Individual Shareholders In MTN Nigeria by jaksmillioniar: 1:59pm On May 20, 2019 |
most are into oil and gas 5 Likes |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by Don27tiky(m): 1:59pm On May 20, 2019 |
Where is the obasanjo people always talk about ... thought he was one of the shareholders 7 Likes 1 Share |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by Guyman02: 1:59pm On May 20, 2019 |
Na wao, MTN listing without an IPO is nonsense, they don't want ordinary Nigerians to invest and make profit from that company. Left for a few people most of whom are just cronies of the same individuals that have ripped up this country because they have access to our common wealth. Nonsense and ingredients ![]() 10 Likes 2 Shares |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by jimbson: 2:00pm On May 20, 2019 |
More swindling... |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by aod1(m): 2:00pm On May 20, 2019 |
They should have listed using an IPO 1 Like |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by wiseone28: 2:00pm On May 20, 2019 |
My next coming to earth i will answer Dasuki seems that name is synonymous with money ![]() |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by Xander85: 2:01pm On May 20, 2019 |
Uncle Victor! The Onwanaetiliora of Ndoni! ![]() 1 Like |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by LamidicownuBSS: 2:01pm On May 20, 2019 |
Ok |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by Nobody: 2:01pm On May 20, 2019 |
V |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by jaksmillioniar: 2:01pm On May 20, 2019 |
tillaman:dey still end in grave 5 Likes 1 Share |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by Princedapace(m): 2:02pm On May 20, 2019 |
Men in money. The world is truly controlled by men. Nice one! back to my disturbance! ![]() ![]() Oya, make we finish the thing we started! Pls, help us complete the survey, takes less than 2 minutes! Nairalanders, a very good friend of mine is doing her PhD and she needs our help. She needs us to help answer her survey questions which is part of her course requirements. It is an online survey from university of Florida and it won't take more than five minutes of your time. Pls, let help a sister to meet part of her course requirements. If you are led and you care to help, simply visit the survey form here: Hello dear. I am conducting a study to test the role of chemists or road side drug sellers in determining drug competency in Nigeria. Please follow this link and help me take a quick survey https://ufl.qualtrics.com/jfe/form/SV_0jNcmnnAygN1BYx Thank you so much for your help. 3 Likes |
Re: The 6 Largest Individual Shareholders In MTN Nigeria by hopexter(m): 2:03pm On May 20, 2019 |
nepapole: Nairabet shareholders are not listed my friend ![]() 3 Likes 3 Shares |
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