ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home Business

NSE working with MTN on 2017 listing –Onyema

13th January 2017
in Business
0
NSE working with MTN on 2017 listing –Onyema
0
SHARES
81
VIEWS
Share on FacebookShare on Twitter

…As Med-View Airlines comes on board Jan. 30

Nigerian Stock Exchange (NSE) said it is working “very closely” with South African cell operator, MTN, on a listing of its shares in the country this year, the head of the bourse said on Thursday.

“The pressure on MTN has never been higher to list,” NSE Chief Executive, Oscar Onyema, told a business conference. “There’s a project team working with them.”

Africa’s biggest mobile phone operator has said it aims to list its Nigerian unit on the local bourse during 2017, subject to market conditions.

MTN is the largest mobile phone company in Nigeria, the continent’s biggest economy, and accounts for a third of MTN’s revenue.

Last June, the telecoms firm said it would list after agreeing to pay a reduced fine of $1.7 billion in a settlement with the Nigerian government over unregistered SIM cards infraction. A listing would see it have to abide by stock exchange rules on disclosure and corporate governance.

Onyema said he expected MTN’s listing this year to drive the IPO market, which has virtually dried up. This was as he hinted also that Med-View Airlines would list its shares on January 30.

MTN has 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 lead issuer.

Foreign inflows into Nigeria’s stock market fell sharply last year, Onyema said, citing a loss of confidence in the country’s exchange rate regime. He said current currency reforms will determine market outlook this year.

Nigerian stocks lost 6.2 per cent last year reflecting an economic crisis in Africa’s biggest economy, caused by low oil prices. In dollar terms, stocks fell 40 per cent as the local currency weakened sharply.

The naira lost a third of its official value against the dollar in 2016 after the central bank scrapped its currency peg in a bid to alleviate dollar shortages.

The NSE boss said the bourse will fast-track the listing of exchange traded derivatives this year to help investors manage risk, noting that it has created a counter-party clearing house to support the process.

Click Here>>>>>>7 Natural Herbs to Finally End Premature Ejaculation and Weak Erection<<<<<<

Click Here>>>>>>Anti-kidnap and anti-theft device for tracking and listening<<<<<<

sunnews

sunnews

Related Posts

Ways Fly Nigeria Act’ll assist growth of local airlines
Business

Experts blame human errors as major cause of plane crash

22nd January 2021
Emirates unveils expo 2020 Dubai pavilion
Business

Emirates rolls out COVID-19 vaccination for employees

22nd January 2021
Emirates unveils expo 2020 Dubai pavilion
Business

… Appoints country manager for Nigeria

22nd January 2021
Next Post
Nigeria plans N95bn bond auction next week

Corruption allegation against us baseless –CBN

NNPC suspends importation of kerosene

NNPC proposes 28% oil royalty

MSME

Development Bank takes off with $1.3bn

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Pioneer Taraba Speaker Anthony Danburam is dead

Leave Sunday Igboho alone and resign, Kanu advises Oyo police chief

Taraba: Local govt boss Salihu Dovo found dead after abduction

Rep distributes education materials to public schools in Abia

NIN: Plateau secures licence for rapid enrollment of citizens

Abia: Cultism in schools to blame for drug abuse, governor says

Trending

Minister, Oyedepo, others to be honoured in Kwara community
National

Minister, Oyedepo, others to be honoured in Kwara community

24th January 2021
0

The Minister of Information and Culture, Alhaji Lai Mohammed, Bishop David Oyedepo of Living Faith Church Worldwide,...

ebonyi

Ebonyi govt urges peaceful resolution of crisis in Effium

24th January 2021
Nigerian celebrities mourn late American broadcaster, Larry King

Nigerian celebrities mourn late American broadcaster, Larry King

24th January 2021
Pioneer Taraba Speaker Anthony Danburam is dead

Pioneer Taraba Speaker Anthony Danburam is dead

24th January 2021
Leave Sunday Igboho alone and resign, Kanu advises Oyo police chief

Leave Sunday Igboho alone and resign, Kanu advises Oyo police chief

24th January 2021
ADVERTISEMENT

Follow us on social media:

Categories

  • Abuja Metro
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist