N200bn loan show confidence in Nigeria banks - MTN - Vanguard News

The company stated this in a statement by its Company Secretary, Uto Ukpanah, to the Nigerian Stock Exchange in line with its post listing requirements.

The telecommunications firm said the facility was coordinated by Citibank, while Quantum Zenith acted as facility agent. Commenting on the facility, Mr Ferdi Moolman, the company’s Chief Executive Officer, said the facility indicated MTN’S confidence in Nigeria and local financial institutions. “We have enjoyed remarkable funding support for Nigeria’s financial institutions since our first facility in 2003 and this has been critical to the development of the largest telecommunications network in Africa,” moolman said.

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