MTN Nigeria in N200bn loan deal with 7 banks
MTN Nigeria Communications Plc on Friday signed a seven-year 200 billion naira medium term facility with a consortium of seven mostly local banks.
The company stated this in a statement by its Company Secretary, Uto Ukpanah, to the Nigerian Stock Exchange (NSE) in line with its post listing requirements.
The company said the seven banks were Access Bank, GT Bank, Zenith International Bank, Fidelity Bank, First City Monument Bank, United Bank for Africa and First Bank of Nigeria Limited.
The telecommunications firm said the facility was coordinated by Citibank, while Quantum Zenith acted as facility agent……..read more