MTN Nigeria share price ended at 108.9 Naira after two days of its introduction on the Nigerian Stock Exchange.
The telecoms giant’s stock of 20,354,513,050 ordinary shares was listed by Introduction on the Premium Board of The Nigerian Stock Exchange on, Thursday, 16 May 2019. The listing of shares of MTN at N90 per share lifted the market capitalisation of exchange by N1.8 trillion to close the day at N12.5 trillion.
The share price closed at 99 Naira on the first day and 108.9 at the end of Friday, 17th of May 2019
The news of the Lagos listing lifted the group share price on the JSE 1.22 percent higher on Thursday to close at R99.49, taking its total market cap to R187.13bn.
On Thursday, the company raised 200 billion Naira from local banks in Nigeria to fund its evolving business opportunities while assisting with capital expenditure and working capital, to deliver enhanced customer service.
The listing of the company is part of negotiations relating to the 2015 $5.2bn fine for unregistered SIM cards.
