MTN Nigeria on Wednesday signed a seven-year N200bn medium-term loan facility with a consortium of 12 banks, with FBN Quest acting as the facility agent.

The telecommunication company said the credit facility would allow it to fund its capital expenditure, roll out infrastructure and extend its reach to rural communities.

According to the company, the facility is structured with a two-year moratorium and a repayment plan of five years.

The banks are Citibank Nigeria Limited, Diamond Bank Plc, Ecobank Nigeria Plc, Fidelity Bank Plc, First Bank of Nigeria, First City Monument Bank Plc and FSDH Merchant Bank Limited.

Others are Rand Merchant Bank Nigeria Limited, Standard Chartered Bank Plc, Stanbic IBTC Plc, United Bank for Africa and Union Bank of Nigeria Plc.


Read more:
MTN Nigeria signs N200bn loan agreement with 12 banks http://www.sanwomi.com/2018/08/mtn-nigeria-signs-n200bn-loan-agreement.html


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Mynd44
Ishilove
Marpol
Semid4lyfe
Obinoscopy
Seun

As long as it makes their service better..... it is highly welcome