MERGERS, ACQUISITIONS AND FINANCIAL RESULTS

Nigeria: ICT companies urged to list on stock market

Nigeria’s Communications and Technology Minister Omobola Johnson has again called on information, communications and technology firms in the country to list on the Stock Market in an effort to boost the economy.

Johnson has urged Nigeria’s ICT companies to emulate Morvest, a provider of business support services and ICT solutions with about N1.6 billion (about US $ 10.1million) investment in Nigeria, which has recently listed on the exchange. She said that listing on the stock market would boost wealth accumulation in the country.

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