in ,

MTN Nigeria Signs N200bn Loan Deal With 12 Banks

MTN

elecommunications Company MTN Nigeria on Wednesday signed a N200bn loan deal with 12 banks in the country.

The loan comes with a two-year moratorium and a five-year repayment plan.

The medium-term loan is expected to help the telecommunications giant facilitate the expansion of its operations, especially in the rural areas.

Meanwhile, the Nigerian Telecommunications Commission has given MTN Nigeria May 29, 2019, as the deadline to list on the Nigerian Stock Exchange, as part of the agreement for the N330 billion fine settlement.

Loading...

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Nigeria’s Inflation Drops To 11.14%

Demolition: Yinka Ayefele Reacts as His Fresh FM Radio Station Building is Marked for Demolition