Regulatory Alerts2018-07-08
Publication on Proposed Initial Public Offering of MTN Nigeria Limited
The Securities and Exchange Commission has issued a circular categorically rejecting recent media reports claiming MTN Nigeria Limited’s initial public offering was approved after a six-week delay. The regulator clarifies that MTN Nigeria remains a private company and has not yet submitted any formal IPO application to the Commission. The SEC further warns capital market operators against disseminating false or misleading information and pledges to process any future MTN filing with standard diligence.
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