The listing of MTN's Nigerian business this week on the Nigerian Stock Exchange (NSE) comes at a time when the company is viewed as trying to make amends with the nation's authorities after years of trouble in its biggest market. On Thursday, MTN Nigeria listed on its local bourse with a valuation of $5bn (R71.8bn) and a single share set at a price point of 90 naira (R3.50). MTN CFO Ralph Mupita said although the decision to finally list was part of making good on the conditions of the settlement of a 2015 Nigerian Communications Commission fine, this chimed with the company's own desire. Podcast | Business Day Spotlight - Huawei vows it will not crack under pressure Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm The telecom company's troubles in the Nigerian market began in 2015 when it was hit with a $5bn fine for its failure to disconnect the SIM cards of 5-million unregistered users.Mupita said following the company's 2008 private share placement, which...
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