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MTN Nigeria Telecommunications PLC (MTN) has announced that it has completed its conversion from a private company to a public company (PLC). The conversion to a PLC is a legal requirement in the preparatory process to MTN’s listing by introduction on the Nigerian Stock Exchange.

The listing is planned on the Nigerian bourse in the first half of the year, “probably more towards April and May” MTN Nigeria chief executive Ferdi Moolman said. 

 

Nigeria is MTN Group’s biggest market, with 52.3 million users in 2017, and accounts for a third of the company’s annual core profit.

 

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