MTN Nigeria Signs N200bn Loan Deal With 12 Banks

Channels Television  
Updated August 15, 2018


Telecommunications 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.