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Update1: Buyers outweigh sellers on MTN Nigeria’s first trading day

... as stock attracts N14.8bn net bid

MTN

Existing shareholders of MTN Nigeria balked at a public sale on the first trading day of the telecommunication company, Thursday. MTN Nigeria, which did a listing by introduction today (Thursday) attracted a bid of 165 million units on the first trading day, which works out to N14.8bn at a N90 share price, but there wasn’t…

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