Nigeria: NSE Defends MTN's Listing As Market Awaits SEC Findings

22 May 2019

The Nigerian Stock Exchange (NSE) yesterday defended the listing of MTN Nigeria Communications Plc, saying it followed due process and did not violate listing rules just as the illiquidity of MTN shares continues while a few shareholders continue to reap big.

The share price closed yesterday at N131.70 per share after four days of trading, representing almost 50 percent rise in price.

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