MTN signs NGN200bn loan to fund capital expenditure

17 Aug 2018

MTN Nigeria has announced the signing of a seven-year NGN200 billion (USD553 million) medium term credit facility with a consortium of twelve local banks. The cellco, which is the country’s largest by subscribers, will use the loan to fund its capital expenditure and working capital, along with evolving business opportunities. FBN Quest is acting as facility agent.

Nigeria, MTN Nigeria