MTN Nigeria Becomes Public Company Ahead of Listing

The Mobile Telephone Network, MTN, has changed its company status from a private company to a public liability company (PLC), ahead of listing on the Nigerian Stock Exchange, Ferdi Moolman, the company's Nigeria CEO has said. This move comes after MTN Nigeria was embroiled in a legal battle with the government after being slapped with a heavy fine for not complying with the SIM card registration for all mobile phones, and fined again for allowing funds to leave the country in breach of foreign exchange laws.

 

An MTN facility in Abuja.

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