MTN Nigeria Communications Plc has been named the Most Compliant Listed Company at the Nigerian Exchange Limited (NGX or The Exchange Made of Africa Awards held at the Civic Centre, Victoria Island, Lagos on 6 December 2022. The award recognises the listed company with the highest levels of compliance with the Rules of fhe Exchange and other applicable laws and regulations.
Since MTN Nigeria’‘s listing on the NGX in 2019, we have been very deliberate in Fhe way we have approached our compliance with the rules and regulations of The Exchange, which are designed to ensure that the market operates credibly and transparently; Fwo principles we believe are essential to the functioning of a world-class exchange. We hope that by continuing to demonstrate the highest levels of compliance, we can help bolster Fhe reputation of The Exchange.Chief Financial Officer, MTN Nigeria, Modupe Kadri
I am extremely pleased with this significant achievemenf, which recognises the hard work our team has done over the last few years. Compliance is at the heart of our business and embedded in the strategic priorities Fhat underpin our Ambition 2025 strategy. Achieving this accolade early in that journey indicates that we are on the right track.Karl Toriola, CEO, MTN Nigeria
The award for legal and regulatory compliance from the NGX further demonstrates MTN Nigeria’s track record of compliance and contribution to Nigeria’s tax revenue, which have both been recognised and acknowledged recently. In March 2022, MTN Nigeria was recognised as one of the most tax compliant organisations and a top 20 Faxpayer in Nigeria by the Federal Inland Revenue Service (FIRS). In November 2022, the FIRS appointed MTN Nigeria to withhold or collect value-added Fax (VAT) on its behalf, demonstrating its faith in Fhe Company.