By InvestAdvocate

Lagos (INVESTADVOCATE)-MTN Group said on Friday it will list the shares of its local unit MTN Nigeria on the floor of the Nigerian Stock Exchange (NSE) as soon as possible following its agreement to settle the fine imposed on it by the Nigerian authorities.

This is coming on the heels of a the agreement reached by the telecoms giant  to pay a reduced fine of $1.67 billion (N330 billion) in a settlement with the Nigerian government, which saw the shares of the company surge.

On February 24, the company paid N50 billion paid as part of settlement to the fine which was earlier estimated to be $5.2 billion and was later reduced to $3.9 billion.

MTN Nigeria said in a statement the balance of fine will be paid in six installments over three years.