The National Coordinator, Progressive Shareholders Association (PSA), Okezie Boniface, has commended MTN Group for its decision to sell up to 575 million shares in MTN Nigeria to institutional and retail investors. He made the commendation at an Investors Forum held at the Lagos Marriot.
Speaking at the investors’ forum, Boniface described the move as a testament to the Nigerianness of the company and said it would allow more Nigerians to be part of the success story.
He said: “I would like to commend the MTN Group for reducing their shareholding to enable more Nigerians the opportunity to own shares in MTN Nigeria.
Their decision clearly shows that today, MTN is no longer a foreign company, it is now Nigerian.