MTN Nigeria Goes with Ex-Regulator as Chairman – Ernest Ndukwe

MTN Nigeria Goes with Ex-Regulator as Chairman – Ernest Ndukwe

MTN Nigeria appoints Nigerian Communications Commission (NCC) ex-Chairman, Ernest Ndukwe, as chairman-designate, Reuters reports.

Majority owned by South Africa’s MTN Group, MTN Nigeria listed in Lagos in May in a 2 trillion naira ($6.54 billion) debut, in part to settle a long-running dispute in Nigeria, its biggest market.

That listing turned the telecoms company into the exchange’s second-largest stock by market value.

Ndukwe, ex-chief executive of the Nigerian Communications Commission (NCC), will take over from Pascal Dozie, who has been at the helm for almost two decades, on Sept. 2, MTN said.

In addition to Ndukwe, MTN has appointed former Nigerian pension regulatory chief Muhammad Ahmad, ex-minister for communication Omobola Johnson and ex-banker Andrew Alli who once represented the International Finance Corporation to MTN Nigeria’s board.

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