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  • Business - Companies
  • Updated: January 17, 2022

MTN Nigeria Reveals Fake News On 'Issuance of New Shares'

MTN Nigeria has advised the investing public to disregard media speculation about the issuance of new shares that have been circulated in some quarters.

This information was contained in a circular sent to the management of the Nigerian stock exchange (NGX) this morning.

The company secretary, Uto Ukpanah, dispelled the rumour of information about the allotment of shares from the recently concluded MTN Nigeria public offer.

He, however, advised all that the Securities and Exchange Commission (SEC) was still reviewing the company’s share processes, which was concluded on the 15th of December, 2021.

He further stated that shareholders and the general investing public should please disregard any information outside the SEC and the company’s official website and always endeavor to seek clarification from the appropriate quarter.

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Okojie Kelvin Echiejile
Okojie Kelvin Echiejile

I am an astute, dedicated, devoted, and intelligent investigator of economic, and financial news and...

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