MTN Nigeria Proposes N50bn CP For Working Capital, Others

MTN Nigeria Proposes N50bn CP For Working Capital, Others

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Post Views: 111 The board of telecommunications giant- MTN Nigeria, on Friday informed the Nigerian Stock Exchange (NSE) of plans to issue N50bn Comme...

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The board of telecommunications giant- MTN Nigeria, on Friday informed the Nigerian Stock Exchange (NSE) of plans to issue N50bn Commercial Paper, under its N100bn programme already approved by FMDQ Securities Exchange Plc.

The issuance, according o Uto Ukpanah, the company secretary, the CP is part of a “strategy to diversify its financing options with the funds being deployed towards working capital and general corporate purposes.”  

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