A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016.
MTN Nigeria has changed its status from a private company to a public liability company (PLC) ahead of its listing on the Nigerian Stock Exchange.
This conversion is one of the requirements for listing on the bourse.
Speaking on the conversion, Fredi Moolman, MTN CEO, said: “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.”