It is not a news in the Nigeria Stock Market that MTN Nigeria Plc has been listed on the Nigeria Stock Exchange by introduction. MTN battling with Dangote on the Nigeria Stock Exchange biggest company is all about the MTN and Dangote Listing.
The MTN Nigeria Plc share started at N9 per share, it soared to N99 per share within 24hrs and close at N108.9 on Friday.
Now, base on NSE report, Dangote Cement Plc which is a subsidiary of Dangote Industries Limited is the largest company traded on the Nigerian Stock Exchange. Dangote Cement has the strategic goal of becoming one of the world’s leading cement companies and certainly the largest in Sub-Saharan Africa, which we believe will be the next big growth market for cement.
With the report gotten from NSE Website, the entire issued 20,354,513,050 ordinary shares of MTN Nigeria Communications Plc (MTN Nigeria or the Company) was listed by Introduction on the Premium Board of The Nigerian Stock Exchange (The Exchange) on, Thursday, 16 May 2019. The listing is following The Exchange’s approval of the application to list the Company’s entire issued 20,354,513,050 ordinary shares of N0.02each at N90per share. The trading symbol of MTN Nigeria is MTNN.
With this, MTN Nigeria may be the biggest company listed on the Nigerian Stock Exchange if the share keeps skyrocketing. Next, to Dangote, MTN Nigeria gained N183bn in 16 mins on the first day of its trading on NSE.