MTN: 10,637 -37 (-0.35%)
MTN Nigeria listing being investigated by Nigerian financial crimes agency
ABUJA, May 25 (Reuters) - MTN Nigeria said on
Saturday it is under investigation by the Nigerian financial
crimes agency over its listing last week, although it "has not
been accused of any wrongdoing" by the Economic and Financial
The listing of MTN Nigeria, a unit of South African telecoms
firm MTN Group, made it the second-largest firm on the
Nigerian Stock Exchange, and since then its share price has
risen from 90 naira to 140 naira.
A spokesman for Nigeria's financial crimes agency was not
immediately available for comment.
"We received all regulatory approvals required to list our
shares," MTN Nigeria said in a statement. "We are co-operating
fully with the authorities."
(Reporting by Paul Carsten; Editing by Angus MacSwan and
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.