MTN listing on NSE has empowered Nigerians, NCC insists

The Nigerian Communications Commission (NCC) said it had succeeded in empowering Nigerians to own, control and manage one of the dominant telecommunications companies in the country with the MTN listing on the Nigerian Stock Exchange (NSE).

Addressing reporters in Abuja, its Executive Vice Chairman, Professor Umar Danbatta, said the listing followed the settlement agreement reached with the telecommunications firm to pay N330 billion in fine to government coffers.

He said the company had paid N235 billion of the sum.