MTN’s pending listing on the Nigerian Stock Exchange (NSE) is likely to be "impactful" and "transformational" for the bourse, whose market capitalisation is estimated at $82bn. The stock exchange’s CEO, Oscar Onyema, told BusinessLIVE on Monday that the listing had the potential to bring a new class of participants into the market. "We have not received an application yet from them [MTN] but we engaged with them and we are having conversations," said Onyema. "I think it will be very impactful, especially considering the fact that they have millions and millions of subscribers. It could be a very transformational listing if it is done the right way." Nyema, also president of African Securities Exchanges Association, was speaking from South Korea’s second city, Busan, the site of this year’s annual meeting of the African Development Bank’s (AfDB’s) board of governors — who are largely finance ministers of its member countries. MTN, which is starting to recover from a massive fine impo...

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