MTN Nigeria’s novel approach to its Public Offer has received commendation from Capital Market experts at the 2022 Investment Banking Awards organised by the Association of Issuing Houses of Nigeria (AIHN).
A panel which included Chidi Iwuchukwu, Head, Investment Banking, Rand Merchant Bank; Dr. Ola Brown, Founder, Flying Doctors Healthcare Investment Group; Haruna Jalo-Waziri, Managing Director/CEO, Central Securities Clearing Systems Plc; Adeniyi Falade, Group Executive Director, Custodian Investment Plc and Danladi Verheijen, Managing Partner/Co-Founder, Verod Capital, discussed “The Future of Money – Prospects for Equity and Capital Raising in Nigeria”.
The experts agreed that MTN has provided a template for packaging public offers going forward and recommended the same for other companies looking to raise capital to improve economic prospects for Nigerians and the African continent.
Commenting further, Haruna Jalo-Waziri, said, “The innovative, technology-based approach provided a seamless, cost-effective and beneficial offer to investors, in turn kicking off a momentum in the market that needs to be sustained.”
MTN Nigeria emerged as the winner from top three shortlisted firms for the Capital Market Titan Award 2021 category in recognition of the company’s active participation in the Nigerian Capital Market for the 2021 financial year.
Receiving the award on behalf of MTN Nigeria, Modupe Kadri, Chief Financial Officer, said, “We are delighted by the high level of interest investors have shown in MTN Nigeria and we are particularly inspired by the number of young people who participated in the Capital Market, for the first time, through our Public Offer. We are convinced that technology and innovation will play a large role in expanding access and inclusion for Nigerians. This is just the beginning,” Kadri concluded.
The event was held at the Civic Centre, Lagos on Thursday, July 7, 2022.