MTN Nigeria Communications Plc, NGX, and Nigeria Exchange Limited have announced that they have signed a Memorandum of Understanding in an effort to advance financial literacy and to help enhance retail participation in the Nigerian capital market.
“In building on our rich heritage as the first and foremost multi-asset securities exchange in Nigeria we are resolute in our commitment to democratize finance in Nigeria by leveraging current advancements in technology and relying on strategic partnerships.
With its customer base of over 68 million customers, MTN provides invaluable access to a large pool of potential retail investors who can play an important role in Nigeria’s capital market, deepening their own financial resilience in the process. This collaboration with MTN aligns with our aspiration to build an open, professional and vibrant exchange and we are indeed excited about this NGX era.”
Mr. Temi Popoola, Chief Executive Officer, NGX
“AT MTN, we believe we have a responsibility to ensure that our customers not only stay connected but can access increasing value and better services through our network, deepening their participation in the digital economy.
Our collaboration with NGX gives us the opportunity to empower our customer base with the tools and the knowledge to engage effectively with the capital market and meet their financial and investment objectives. There is no better way to demonstrate our commitment to this than through the just concluded public offer for sale of MTN shares, designed to enhance retail shareholder participation in the value that we create. We continue to identify other areas of cooperation with NGX and we look forward to a mutually beneficial partnership that will contribute to the inclusive growth of the Nigerian economy.”
Mr. Karl Toriola, CEO, MTN
