That SEC is Investigating MTN Nigeria’s Listing Is A Distraction from Needed Market Reforms

Many Nigerians are not happy that they are yet to have the CLEAR ability to buy the shares of MTN Nigeria on the Nigerian Stock Exchange. MTN had listed via Introduction which means unlike the typical IPO, the holders of the shares are not obviously obliged to make the shares available for trading. Technically, it was listed publicly but not evidently tradable publicly. That the Securities and Exchange Commission (SEC) is investigating this is not great news because Nigeria has listing by introduction in the books. That MTN decided to use it should not be handled with bad blood. I … Continue reading That SEC is Investigating MTN Nigeria’s Listing Is A Distraction from Needed Market Reforms