MTN Group’s intention to sell up to 575 million shares in MTN Nigeria to institutional and retail investors has been praised by the Progressive Shareholders Association’s (PSA) National Coordinator, Okezie Boniface. At an Investors Forum hosted at the Lagos Marriott, he expressed his gratitude.
Boniface, speaking at the investors’ event, praised the decision as a testament to the company’s Nigerianness, saying it would allow more Nigerians to participate in the success story.
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“I would want to commend the MTN Group for lowering their shareholding in order to allow more Nigerians to buy shares in MTN Nigeria,” he stated. Their judgment demonstrates that MTN is no longer a foreign corporation, but rather a Nigerian one.
dividends. This is something to be proud of.
“In my opinion, MTN is the best firm for Nigerians to invest in, and I urge every retail investor and every Nigerian to take advantage of this public offer.” He came to a conclusion.
MTN Nigeria’s public offer, which is the first to be conducted digitally in Nigeria, is priced at N169 per share and is available to retail investors. The offering is MTN’s first since its 2019 IPO on the Nigerian Exchange Limited (NGX), and the company hopes to leverage digital integration to attract a large number of investors from throughout the country.
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MTN Nigeria conducted a statewide roadshow following the launch of its public offering to engage potential retail investors in MTN Group’s continuing offer for shares in the company. The roadshow has made stops in numerous Nigerian states, including Sokoto, Kano, Gombe, Akure, Enugu, Calabar, and Port Harcourt, and was headed by key MTN executives including Chief Executive Offer, Karl Olutokun Toriola, and Chief Financial Officer, Modupe Kadri.
