How MTN Nigeria Signed Loan Agreement With Access Bank, GT Bank And 5 Others.

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How MTN Nigeria Signed Loan Agreement With Access Bank, GT Bank And 5 Others.

MTN NIGERIA OFFICE

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How MTN Nigeria Signed Loan Agreement With Access Bank, GT Bank And 5 Others.

MTN retail Outlet

How MTN Nigeria Signed Loan Agreement With Access Bank, GT Bank And 5 Others.

The Management of MTN Nigeria Communications PLC had on Friday, 17 May 2019 sign a Loan agreement of 200 billion Naira, over a seven year  period with Seven Banks In Nigeria.

This deal was disclosed by the Company Secretary Mr Utoh Ukpanah.

The consortium of banks in this deal include

  • Access Bank
  • fidelity bank
  • GT Bank
  • Zenith Bank
  • United Bank For Africa UBA
  • First City Monument Bank FCMB
  • First Bank Of Nigeria

The loan facility was coordinated by Citi Bank and Quantum zenith is the facility agent.

As said by the Secretary, the loan facility will fund MTN’s evolving Business opportunities and will also assist capital expenditure, working capital and also deliver enhanced customer relationship.

The CEO of MTN, Mr Ferdi Moolman, said this deal indicates the confidence of MTN in our Banking Firms.

HOW TO APPLY FOR GT bank QUICK CREDIT.

With this deal, customers are in for improved services both in the voice and data services. More Infrastructures that will improve Customer Services will be built, while financing other running costs.

 

 

 

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