MTN becomes 2nd largest company on Nigerian Stock Exchange upon listing

Pretty much 18 years ago to the very day the first GSM call was made in Nigeria… The idea to list was always part of our plans…

Ralph Mupita, CFO - MTN Group

South Africa’s MTN listed its Nigerian operations on Thursday.

Its market capitalisation of about $5.1 billion makes it the second largest company on the Nigerian Stock Exchange.

The share price of the Nigerian unit surged as trading started in Lagos and was trading up about 10% by early in the afternoon.

MTN is the largest mobile-phone operator in Africa.

The Money Show’s Bruce Whitfield interviewed Ralph Mupita, CFO at MTN Group.

Listen to the interview in the audio below (and scroll down for more quotes from it).

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