SEC receives application for registration from MTN

Joseph Inokotong, Abuja

The Securities and Exchange Commission (SEC) has confirmed receipt of application for registration of existing securities from MTN.

This has put to rest speculations in some quarters that the telecommunication firm plans to enlist its shares in the Nigerian Stock Exchange.

A terse three-paragraph statement by the Head, Corporate Communication, SEC, Efe Ebelo, yesterday in Abuja said “The Securities and Exchange Commission, SEC can confirm that we are in receipt of an application from MTN requesting for registration of their existing securities.

“They have applied for listing by introduction which will enable the company to be listed and allow shareholders sell their shares on the floor of the exchange.

“Their application is presently receiving attention”.