SEC confirms giving approval for registering MTN’s securities

Joseph Inokotong, Abuja

The Securities and Exchange Commission, SEC has confirmed that the application by MTN Nigeria to register their existing securities has been approved.

According to Acting Director General of SEC, Ms. Mary Uduk, “MTN sought to come to the market by way of an introduction and they wrote to the SEC last week requesting for approval to register its existing shares. That approval has now been granted”.

Recall that the SEC received the application from the company last week to register their existing securities.

A statement issued by the Head, Corporate Communication, Securities and Exchange Commission (SEC), Efe Ebelo “this is a further indication of the determination by the the SEC to work with companies that are interested in the capital market.

“We believe that this will also encourage other service providers to come to the market.”