Nigerian investors have commended the efforts of the Nigerian Communications Commission (NCC) in facilitating the listing of MTN and Airtel Africa, on the Nigerian Stock Exchange, saying it has increased the vibrancy and flexibility, in the capital market operations, thereby impacting positively on the Nigerian economy, in 2019.
The investors attributed this achievement to the sound regulatory activities of the NCC in 2019, which they noted encouraged some Telco’s, to get listed on the Nigerian Stock Exchange, NSE.
According to the investors, one of the advantages of this is that, it afforded many Nigerians to become part owners, of the Telco’s, such as MTN and Airtel Africa that got listed, on the Nigerian Stock Exchange, NSE.
Speaking further on this feat at a forum in Abuja, the Executive Vice Chairman of NCC, Prof. Umar Garba Danbatta, expressed delight that the MTN listing, has helped, to translate into action, an important objective, of the Commission, which is to promote local investment and ownership, in the telecom sector.
Danbatta added that with MTN’s shares available, in the capital market, it is expected that, Nigerians will buy shares and by purchasing the shares of MTN, they will be, financially, empowered and be, socially, transformed.
He said, “One of the benefits of MTN listing and those of other operators to follow, therefore, is that, the Telco’s, would be able, to raise more capital, for network expansion, which in turn, will bring about, an improvement in the quality of service, QoS and quality of experience, QoE, for the consumers of telecoms services, which is, also, a cardinal function, of the Commission.”
It would be recalled that, the telecom regulator, the Nigerian Communications Commission, NCC, gave to MTN, as one of the conditions to fulfill, following the telco’s violation of Subscriber Identification Module, SIM, registration rule, in the telecommunications sector, was to get listed on the Nigerian Stock Exchange, to afford Nigerians to become co-owners of the Telco.