News Formal

MTN, stock market and the economy | The Guardian Nigeria News - Nigeria and World News

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 94%

Business News News

Business Business Latest News,Business Business Headlines

While the listing of MTN is continuing as a work in progress, a worrisome unfavourable development in the Nigerian market is the very low investors’ appetite for shares of even companies that are doing well and posting very good year-end operating results

The low prices of stocks and the seeming instability of the country’s equity market do not augur well for the economy. Nigerian stocks are at the moment regarded as virtually the cheapest in relation to other major African economies such as South Africa, Egypt, Kenya and Ghana.

Merely growing its business turnover or making money in Nigeria without giving Nigerians the opportunity to be shareholders in the company is not morally justifiable nor does it make good business sense. Once this listing on the market is settled, the next issue is the need for the company to exceed the free float permitted in the market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SEC confirms MTN application for listing on stock marketMTN Nigeria has formally applied for listing by introduction on the Nigerian Stock Exchange (NSE).This was made known by the Head of Corporate
Source: TheNationNews - 🏆 6. / 69 Read more »