
Official: MTN signs 7-year ₦200bn medium term facility
Leading Information and Communications Technology (ICT) company in Nigeria, MTN Nigeria Plc, has announced the signing of a seven-year N200 billion medium term facility.
Chief Executive Officer of the company, Mr Ferdi Moolman, announced this after signing the agreement at the law offices of Aluko & Oyebode in Lagos on Friday.
He said that the signing was with a consortium of seven local banks, with Citibank acting as co-ordinator and Quantum Zenith, as facility agent.
Moolman said the facility would enable MTN to fund its evolving business opportunities while assisting with capital expenditure and working capital, to deliver enhanced customer …