Exploring Nigeria’s capital market for shared prosperity
Karl Toriola, the Chief Executive Officer of MTN Nigeria says following the completion of the first phase of the sell down of MTN Group’s shares, the brand is committed to allowing more Nigerians partake in its value creation process. Speaking with CNBC Africa, he says the partnership with the Nigerian Exchange is all about digitizing access to the capital market.
Fri, 17 Nov 2023 11:49:49 GMT
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AI Generated Summary
- MTN Nigeria's commitment to sustainability and shared value is driving its efforts to empower communities and align its business with local progress.
- The sell-down of MTN Group's shares is geared towards democratizing share ownership and allowing more Nigerians to benefit from the company's value creation process.
- The partnership with the Nigerian Exchange focuses on digitizing access to the capital market, making it simpler and more convenient for retail investors to buy, sell, and trade shares using their mobile phones.
MTN Nigeria, under the leadership of Chief Executive Officer Karl Toriola, is making significant strides in allowing more Nigerians to participate in its value creation process. In a recent interview with CNBC Africa, Toriola emphasized the brand's commitment to sustainability, shared value, and empowering local communities. The partnership with the Nigerian Exchange is a key initiative aimed at digitizing access to the capital market, making it easier for retail investors to engage and drive growth. Following the successful completion of the first phase of the sell-down of MTN Group's shares, the focus is now on broadening participation in the Nigerian capital market. With a primary emphasis on retail investors, MTN is working towards democratizing share ownership and fostering inclusive economic progress. The move towards digital offers is a strategic step to simplify the investment process and encourage more Nigerians to participate in the company's value creation. Through the partnership with the NGX, MTN is paving the way for widespread access to the capital market, enabling individuals to easily buy, sell, and trade shares using their mobile phones. This advancement is set to revolutionize the traditional approach to investing, making it more accessible and user-friendly for all Nigerians.
