Airtel Finally Debuts on Nigerian Stock Exchange

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Airtel Africa Plc has listed 3,758,151,504 ordinary shares on the main board of the Nigerian Stock Exchange.

The NSE said the shares were listed at an offer price of N363 per ordinary share.

It added that the listing of the company’s shares added N1.36tn to the total market capitalisation of the Exchange, further deepening the market.

“It will also increase the visibility of Airtel Africa to investors on the continent and across the globe,” the NSE said in a statement.

The Chief Executive Officer, Airtel Africa, Mr Raghunath Mandava, said the company was delighted to be listed on the main board of the Exchange.

He said, “This is an exciting time for Airtel Africa in the 14 countries it operates in and an important milestone in our development as a leading provider of telecommunications and mobile money services in Africa.”

The Chief Executive Officer/Managing Director, Airtel Nigeria, Mr Segun Ogunsanya, said the company remained committed to building a leadership position in the country, describing Nigeria as a great place for business.

He noted that investors had been interested to hear the company’s story to invest in the business and share the future with them.

The Chief Executive Officer, NSE, Mr Oscar Onyema, commended Airtel Africa for taking the bold step to list on the Exchange.

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