MTN Shareholders Approve 7.5 Billion Shares Cancellation 

The shareholders of MTN Nigeria Plc have approved the cancellation of 7.5 billion unissued shares, the company has disclosed. <br />The telecoms company’s shareholders also approved the cancellation of over 402 million preference shares of $0.005 each. <br />President Mohammed Buhari in August 2020, signed the amended Companies and Allied Matter Act, mandating all listed companies in Nigeria to have only issued shares against the current system of operating issued and authorised share capital.