Technext Technext
  • Home
  • Stories
    • How GIG Logistics and Visa Help Merchants Deliver Goods at Cheaper Prices Locally and Abroad
      How GIG Logistics and Visa Help Merchants Deliver Goods at Cheaper Prices Locally and Abroad
      23 hours ago 0
      609
    • Social Media Roundup: Emefiele’s Money Out of Thin Air, 14th Headies Awards, Others
      Social Media Roundup: Emefiele’s Money Out of Thin Air, 14th Headies Awards, Others
      1 day ago 0
      34
    • ‘Early-stage Startups Need More than Just Funds’ – Key Points from the UK-Nigeria Tech Summit
      ‘Early-stage Startups Need More than Just Funds’ – Key Points from the UK-Nigeria Tech Summit
      1 day ago 0
      76
    • ‘Work From Home Won’t End in 12 Months, Covid-19 Vaccines Notwithstanding’ – Morgan Mierke, Head of W/Africa Logitech
      ‘Work From Home Won’t End in 12 Months, Covid-19 Vaccines Notwithstanding’ – Morgan Mierke, Head of W/Africa Logitech
      2 days ago 0
      884
    • Of Drones and COVID-19 Vaccine Delivery with Arone CEO, Emmanuel Ezenwere
      Of Drones and COVID-19 Vaccine Delivery with Arone CEO, Emmanuel Ezenwere
      2 days ago 0
      70
    • Twitter Unveils ‘Super Follows’ Feature so You Can Charge for Exclusive Tweets
      Twitter Unveils ‘Super Follows’ Feature so You Can Charge for Exclusive Tweets
      2 days ago 0
      608
    • Manchester Utd Fans Across Africa Can Now Stream MUTV on StarTimes
      Manchester Utd Fans Across Africa Can Now Stream MUTV on StarTimes
      3 days ago 0
      869
    • Jumia Recorded Over 4.4 million Cancellations, Returns and Failed Orders Despite a Successful 2020
      Jumia Recorded Over 4.4 million Cancellations, Returns and Failed Orders Despite a Successful 2020
      3 days ago 0
      96
    • Due to Recent Events, is Remitano P2P the Remedy for Nigerians to Buy Bitcoin in Nigeria?
      Due to Recent Events, is Remitano P2P the Remedy for Nigerians to Buy Bitcoin in Nigeria?
      3 days ago 0
      189
  • Features
    • ‘Work From Home Won’t End in 12 Months, Covid-19 Vaccines Notwithstanding’ – Morgan Mierke, Head of W/Africa Logitech
      ‘Work From Home Won’t End in 12 Months, Covid-19 Vaccines Notwithstanding’ – Morgan Mierke, Head of W/Africa Logitech
      2 days ago 0
      884
    • ‘I thought it was Spiritual Problem’- Nigerian Men on How Virtual Sports (Baby) Bankrupted Them
      ‘I thought it was Spiritual Problem’- Nigerian Men on How Virtual Sports (Baby) Bankrupted Them
      5 days ago 0
      265
    • Aeglehealth Lets You Get Medical Care from a Specialist Minutes after Booking an Appointment
      Aeglehealth Lets You Get Medical Care from a Specialist Minutes after Booking an Appointment
      6 days ago 0
      122
    • Symbiotic Relationships are Needed to Enhance Femtech Innovations – Abisola Oladapo, MumSpring Founder
      Symbiotic Relationships are Needed to Enhance Femtech Innovations – Abisola Oladapo, MumSpring Founder
      1 week ago 0
      162
    • CBN Didn’t Ban Cryptos to Fight Criminal Activities but to Curtail Capital Flight- Danny Oyekan, CEO of Dan Holdings
      CBN Didn’t Ban Cryptos to Fight Criminal Activities but to Curtail Capital Flight- Danny Oyekan, CEO of Dan Holdings
      2 weeks ago 0
      263
    • Tony Lauriola of Coins App Explains the Reason Young Africans are Embracing Cryptocurrencies
      Tony Lauriola of Coins App Explains the Reason Young Africans are Embracing Cryptocurrencies
      2 weeks ago 0
      335
    • Why Robotic Process Automation (RPA) is Taking Over Your Job
      Why Robotic Process Automation (RPA) is Taking Over Your Job
      2 weeks ago 0
      295
  • Reviews
    • How GIG Logistics and Visa Help Merchants Deliver Goods at Cheaper Prices Locally and Abroad
      How GIG Logistics and Visa Help Merchants Deliver Goods at Cheaper Prices Locally and Abroad
      23 hours ago 0
      609
    • Jumia Recorded Over 4.4 million Cancellations, Returns and Failed Orders Despite a Successful 2020
      Jumia Recorded Over 4.4 million Cancellations, Returns and Failed Orders Despite a Successful 2020
      3 days ago 0
      96
    • Apple Finally Tops Global Smartphone Market and Could Remain There with New iPhone 13
      Apple Finally Tops Global Smartphone Market and Could Remain There with New iPhone 13
      4 days ago 0
      453
    • Meet the 6 Nigerians Nominated for the £25,000 Africa Prize for Engineering Innovation
      Meet the 6 Nigerians Nominated for the £25,000 Africa Prize for Engineering Innovation
      5 days ago 0
      180
    • Onepipe Gives Businesses Access to Numerous Payment Gateways Without Multiple Integrations
      Onepipe Gives Businesses Access to Numerous Payment Gateways Without Multiple Integrations
      5 days ago 0
      109
    • Aeglehealth Lets You Get Medical Care from a Specialist Minutes after Booking an Appointment
      Aeglehealth Lets You Get Medical Care from a Specialist Minutes after Booking an Appointment
      6 days ago 0
      122
    • Tech Events this Week: UK-Nigeria Tech Summit, Startup Funding Webinar and Others
      Tech Events this Week: UK-Nigeria Tech Summit, Startup Funding Webinar and Others
      6 days ago 0
      142
  • Women in Tech
  • Videos
  • Contact Us
Go to...

    Finally! SEC Gives a Go-Ahead for MTN’s IPO to Hold in August

    Oluwadamilare AkinpeluOluwadamilare Akinpelu
    July 5, 2018
    Finally! SEC Gives a Go-Ahead for MTN’s IPO to Hold in August

    After several speculations and delay, MTN Group has just received permission from the Securities and Exchange Commission, Nigeria (SEC) to list its Nigerian subsidiary on the stock market in August. This initial public offering (IPO) would see the company raise funds on the Nigerian Stock Exchange (NSE) to pay its huge pile of debt, as well as pay its preference shareholders.

    SEC grants permission for MTN’s IPO to take place this August https://t.co/yIjTbK71gZ pic.twitter.com/t0R8mB7bjd

    — Nairametrics (@Nairametrics) July 5, 2018

    According to reports, MTN is planning to list 30% of its Nigerian unit, from which it would raise at least, $500 million (considering the subsidiary’s speculated worth of $5.2 billion going by its shares currently traded over-the-counter in Nigeria at $13). This listing of  MTN Nigeria would make it the second subsidiary of the MTN Group in the West African region that would trade publicly, having recently listed 35% ($743m) of its Ghanaian unit in May.

    The telco, which currently has about 402 million shares in issue from its last sale of shares in 2007, would as part of the IPO split one share into 50 units to create about 20 billion shares.  This would be listed on the bourse and set the IPO price via book building, according to a Pre-IPO presentation.

    Since 2009 Nigerian stock market crash many Nigerians have stayed away from the @nsenigeria. But with MTN Nigeria going public in June in the most anticipated IPO… #investing #stocks cç @BusinessDayNg

    Do you see buying MTN shares as a good investment?

    — Samaila Goje (@SamailaGoje) May 30, 2018


    The decision to launch an IPO, which is believed to be a concession to authorities as part of the $1.7 billion settlement of a protracted SIM card dispute in June 2016, was initially planned for 2017 but was delayed due to poor market conditions the Nigerian Stock Market has faced for some years. The plan was reignited in 2018 and the company has since then proceeded in its plans, which include receiving its shareholders’ approval and the appointment of more banks; Chapel Hill Denham as lead manager, Renaissance Capital, FirstRand’s Rand Merchant Bank, and Vetiva Capital working as joint advisers for the process.

    Should the IPO be fully launched, it would not only benefit MTN but would also be advantageous to the NSE as it would definitely help to revitalise the exchange and give confidence to foreign listings in the Nigerian stock market.

    This development would serve as a relief to many of the company current/potential investors and stakeholders who have complained of being kept in the dark on the issues that concern the IPO process.


    If you’d like to get featured on our Entrepreneur Spotlight, click here to share your startup story with us.


    SUBSCRIBE

    Get latest Technology news, reviews, business-related content with a deliberate emphasis on the African narrative and insightful analysis in Nigeria – straight to your inbox.


    Comments

    Share :
    • Facebook
    • Twitter
    • Google+
    • Pinterest
    • Linkedin
    • Email
    Oluwadamilare Akinpelu

    Oluwadamilare Akinpelu

    Oluwadamilare Akinpelu is a lover of the Tech World. He is a calm person and also a protean writer.

    5 Apps for Earning Extra Cash You Need to Download Now
    Next article
    5 Apps for Earning Extra Cash You Need to Download Now
    Paylater.ng Unveils PayVest, a New High-Paying Investment Service
    Previous article
    Paylater.ng Unveils PayVest, a New High-Paying Investment Service

    Related Posts

    • Reviews, Stories 23 hours ago

      How GIG Logistics and Visa Help Merchants Deliver Goods at Cheaper Prices Locally and Abroad

      How GIG Logistics and Visa Help Merchants Deliver Goods at Cheaper Prices Locally and Abroad
      Stories 1 day ago

      Social Media Roundup: Emefiele's Money Out of Thin Air, 14th Headies Awards, Others

      Social Media Roundup: Emefiele’s Money Out of Thin Air, 14th Headies Awards, Others
      Stories 1 day ago

      'Early-stage Startups Need More than Just Funds' - Key Points from the UK-Nigeria Tech Summit

      ‘Early-stage Startups Need More than Just Funds’ – Key Points from the UK-Nigeria Tech Summit
    • Features, Stories 2 days ago

      'Work From Home Won't End in 12 Months, Covid-19 Vaccines Notwithstanding' - Morgan Mierke, Head of W/Africa Logitech

      ‘Work From Home Won’t End in 12 Months, Covid-19 Vaccines Notwithstanding’ – Morgan Mierke, Head of W/Africa Logitech
      Stories 2 days ago

      Of Drones and COVID-19 Vaccine Delivery with Arone CEO, Emmanuel Ezenwere

      Of Drones and COVID-19 Vaccine Delivery with Arone CEO, Emmanuel Ezenwere
      Stories 2 days ago

      Twitter Unveils 'Super Follows' Feature so You Can Charge for Exclusive Tweets

      Twitter Unveils ‘Super Follows’ Feature so You Can Charge for Exclusive Tweets

    Bitcoin Recent Prices

    Brandest

    Sign up for Newsletters

    Popular News

    • ATM Business, Corporate Expansion, Metering, How Adewale Adeyipo is Taking CWG into the Future
      ATM Business, Corporate Expansion, Metering, How Adewale Adeyipo is Taking CWG into the Future
      May 18, 2019 0
    • Here are the Top 4 Fascinating 2018 April Fool’s Day Pranks in the Tech Space
      Here are the Top 4 Fascinating 2018 April Fool's Day Pranks in the Tech Space
      April 2, 2018 0
    • The USPF Changemaker Challenge 2018 rewards Hackathon Winners
      The USPF Changemaker Challenge 2018 rewards Hackathon Winners
      January 30, 2019 0
    • Can Popular Phone Maker, OPPO, Make a Splash in Nigeria’s Crowded Smartphone Market?
      Can Popular Phone Maker, OPPO, Make a Splash in Nigeria’s Crowded Smartphone Market?
      February 12, 2019 0
    • Nigeria’s EchoVC Leads $2.5m Funding Round in Kenya’s Kukua Edtech Startup
      Nigeria's EchoVC Leads $2.5m Funding Round in Kenya's Kukua Edtech Startup
      November 14, 2018 0

    Follow Us

    Latest Tweets

    • technextdotng "Our smallest delivery drone has the capacity to deliver all the vaccines needed in a typical vaccination center fo… https://t.co/erKUUb77Z9
      about 12 minutes ago
    • technextdotng GIG Logistics (GIGL) has partnered with Visa to create a Merchant App that solves this problem. The app is poised… https://t.co/vAm3FRduWe
      about 3 hours ago
    • technextdotng CBN Governor, Godwin Emefiele appeared before the Nigerian senate to explain the apex bank’s reasons for clamping d… https://t.co/xMmJXnuwAA
      about 6 hours ago
    • technextdotng RT @tommy_blanc: How GIG Logistics and Visa Help Merchants Deliver Goods at Cheaper Prices Locally and Abroad - https://t.co/dJ9jwh4Kp3 via…
      about 17 hours ago

    Instagram

    technextdotng

    Technext.ng is the go-to site for news, reviews and insightful analysis in the Nigerian tech space.
    http://ow.ly/ayTM30mSlGS

    "if the CBN’s major concern is capital control t "if the CBN’s major concern is capital control they can be limits to how much users can purchase using exchanges or OTC Desks."
-
@trillionaire, Founder, @coins.app and @dan.holdings on regulation the CBN Governor can place on Cryptocurrency.
#bitcoin #Crypto #Bitcoin #cryptocurrencies #cryptoworld #cryptotrading #cryptomarket #cryptonews #cryptoinvestor #bitcoininvestment #bitcoinexchange #ethereum #Nigeria
    Known for viral trends and iconic memes, TikTok ha Known for viral trends and iconic memes, TikTok has been loved by many as a place where spreading joy and information goes beyond age. Whether it’s quick educational videos you’re looking for or fun tips on how to get involved in the latest viral challenge, TikTok is an all-inclusive platform where adults can come as well to not only express themselves creatively but to be their authentic selves.

Still think that TikTok is for teenagers only? Keep reading!

This list is a mix of 30 TikTok celebs and creators, all over the age of 30, who constantly remind us that TikTok is a place where everyone belongs. Check out their profiles to find educational and entertaining videos that you won’t be able to get enough of. 

Check them all at Technext.ng
.
.
.
@tokemakinwa, @_tosinsilverdam, @toyin_abraham, @ufuomamcdermott, @veezeebaybeh, @wofaifada, @yeancar_posh, @yemialade, @deejayneptune, @kunleremiofficial
.
#fashionista #influencerlife #ootd #tiktok #likes #k #marketing #digitalinfluencer #viral #vibes #socialmedia #fashionstyle #motivation #instagramers #explorepage #moda #followers #f #inspiration #instafashion #beautiful #followme #fashioninfluencer #business #cute #instagram #instalike #photo #styleblogger
    Seems Spotify is here to take the crown. Which of Seems Spotify is here to take the crown.

Which of the platforms do you currently use?
Will you be making a change?
#Spotify #Music #YouTube
    Popular music streaming platform, Spotify has fina Popular music streaming platform, Spotify has finally expanded to Nigeria and several other African countries.

The company announced the expansion on Monday during its Stream On event for creators and partners. As the platform rolls out, music lovers in new markets will get to access content on mobile apps and in the browser. Apps for TV, consoles, speakers, wearables, and cars will be launched in the “coming months”.

Will you use the app now that is legally available?
.
.
.
.
.
.
#dj #radioshow #podcast #electronic #dance #music #progressive #pro #Spotify #Nigeria #Africa #music #love #hiphop #art #rap #musician #singer #rock #life #dance #photography  #song #guitar #happy #style #producer #fashion #newmusic
    It takes courage to know yourself well enough to c It takes courage to know yourself well enough to choose where your energy comes from and goes to. 
#TechNext #MondayMotivation #mondaythoughts
    Love is in the air! On this episode of #SteetTec Love is in the air!

On this episode of #SteetTech we ask people what their experience was dating people online.

Full video in bio

#ValentinesDay #Valentine #Dating #Love #ValentinesDay #Love #Romance #TechTips #TechSupport #valentine #valentinegift #valentines #valentineday
    Load More... Follow on Instagram

    Random News

    • Sophos 2019 Threat Report Reveals Worrying Rise in Hand-Delivered, Targeted Cyberattacks
      Sophos 2019 Threat Report Reveals Worrying Rise in Hand-Delivered, Targeted Cyberattacks
      November 19, 2018 0

      British security software and hardware company, Sophos (LSE: SOPH) has published its 2019 Threat Report and it is worrisome to ...

      Read More
    Copyright 2020 technext.ng | Privacy Policy | Media Policy