You are currently viewing our desktop site, do you want to visit our Mobile web app instead?
 Registered users can save articles to their personal articles list. Login here or sign up here

MTN’s Nigerian unit becomes most valuable stock in Lagos

Three months after listing.

It may be a new kid on the block, but MTN’s Nigerian unit has become the most valuable company on the Lagos stock exchange.

Three months after listing, MTN Nigeria Communications had a market capitalisation of 2.82 trillion naira ($7.82 billion) as of Monday’s close. The mobile phone company has overtaken Dangote Cement, owned by Africa’s richest man, Aliko Dangote.

© 2019 Bloomberg L.P.

Get access to Moneyweb's financial intelligence and support quality journalism for only
R63/month or R630/year.
Sign up here, cancel at any time.

COMMENTS   1

To comment, you must be registered and logged in.

LOGIN HERE

Don't have an account?
Sign up for FREE

Very dangerous. The Nigerian government is in big trouble-again-and MTN is a nice cash paying taxpayer-easy to steal from them

End of comments.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR

Podcasts

SHOP NEWSLETTERS TRENDING CPD HUB

Follow us:

Search Articles:Advanced Search
Click a Company: