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MTN Nigeria set to cancel 7.5bn unissued shares

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MTN Nigeria mulls merger of Momo Payment Service Bank and Yello Digital Financial Services

Adebayo Obajemu

MTN Nigeria Communications Plc has notified the Nigerian Exchange and the investing public that its shareholders at the Extraordinary General Meeting have approved the cancellation of 7.5 billion unissued shares.

The shareholders of the telecom giant also approved the cancellation of over 402 million preference shares of $0.005 each.

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