Nigeria: Legal Setback to MTN Planned Listing in Nigeria

Lagos — A LEGAL practitioner has approached courts to stop MTN from listing its shares in the Nigeria Stock Exchange pending the determination of a suit between him, the telecommunications giant and four other firms.

Dr Charles Mekwunye is seeking an order of interlocutory injunction from the Court of Appeal restraining MTN, its agents or licenses from listing its shares pending the determination of his appeal.

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