ICT

MTN Nigeria raises N125bn via commercial papers

MTN Nigeria has raised N125billion through issuance of commercial papers to boost its short-term working capital and funding requirements.
In a notice to the Nigerian Exchange Limited on Monday, the company said that it had completed the Series 4 & 5 Commercial Paper issuance under its N150billion Commercial Paper issuance programme.
The notice signed by Company Secretary, Ufo Ukpanat, revealed that MTN Nigeria sought to raise N100billion, and the transaction was 125 per cent subscribed, with N125billion raised.
The CP Issuance was completed on 1 March 2023.

Related posts

Expert calls on govt. for support of Artificial Intelligent for ICT revolution

By Meletus EZE

Ericsson Predicts 4.4bn Global 5G Subscriptions by 2027, Says Mobile

Our Reporter

IT expert calls for establishment of ICT Development Bank

Editor

FG delists 18 illegal loan apps  

Editor

Investments in 4G drops 7 per cent as NCC assures of 5G deployment

Our Reporter

NCC moves to curb data depletion for network users

Editor