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MTN Nigeria gets listing approval, securities regulator says

MTN Nigeria
(Picture, Courtesy)

Nigeria’s securities regulator has approved South African telecoms firm MTN’s listing application for its over Sh500 billion (USD5 billion) Nigerian unit.

MTN Nigeria registered more than 20 billion shares before the planned listing in the West African country, MTN’s biggest market with 58 million users in 2018 and accounting for a third of the group’s annual core profit.

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