Home Business BREAKING: MTN just secured a ₦200 billion loan from these 12 banks
BREAKING: MTN just secured a ₦200 billion loan from these 12 banks

BREAKING: MTN just secured a ₦200 billion loan from these 12 banks

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MTN Telecommunications Nigeria Limited, today, signed a ₦200 billion major loan deal with twelve Nigerian banks. The medium-term loan will help facilitate the company’s expansion plans, particularly the expansion of its operations into other underserved parts of Nigeria such as villages.

The 12 banks are Diamond Bank Plc, Fidelity Bank Plc, First Bank Nigeria Plc, Standard Chartered Bank Plc, Stanbic IBTC Bank Plc, Union Bank of Nigeria Plc, and Unity Bank of Nigeria Plc.

Other banks involved in the deal include Citibank Nigeria Limited, Ecobank Nigeria Plc, First City Monument Bank Plc, FSDH Merchant Bank Limited and Rand Merchant Bank Nigeria Limited.

Details later…

 

 

 

Source: Nairametrics

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