Nigeria: MTN and 20 Billion Shares

22 May 2019

Definitely, MTN is at it again and EFCC should please move in and investigate the whole process of the listing by introduction of 20 billion shares that is literally not seen by anyone and just being discreetly traded within the holders of the stock to push up the price up to the point it will be off loaded and dumped on the unsuspecting and innocent investing Nigerian public.

Would I call it Mauritius/South African wonder that 20 billion shares of a foreign-controlled company were listed in our national bourse and almost all the citizens of the nation who desire to buy the shares of the foreign company can't find just one unit out of the 20 billion to buy? On our own bourse!

...

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.