MTN Nigeria has now changed its status from a private company to a public liability company (PLC).
This conversion is one of the requirements for listing on the Nigerian Stock Exchange.
Speaking on the conversion, Fredi Moolman, MTN CEO, stated: “Our conversion to a Plc is a major step towards listing by introduction on the Nigerian Stock Exchange in the first half of 2019.
“It is a reaffirmation of our long-term commitment to expanding investment opportunities for Nigerians, in addition to providing everyday services to them. We look forward to continuing our engagement with the SEC and NSE to take forward the listing process.”