MTN Nigeria Communications Plc has announced that the Securities and Exchange Commission (SEC) has approved an offer for sale of up to 575 million ordinary shares in MTN Nigeria held by MTN International (Mauritius) Limited, by way of a book build to qualified investors (Institutional Offer) and a fixed price to retail investors (Retail Offer).
The Institutional Offer opened at 12 noon on 23 November, 2021 and closes at 2pm on 26 November 2021, after which a fixed price will be determined for Retail Offer.