MTN Nigeria

MTN Nigeria plans N50 billion commercial paper

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MTN Nigeria plans N50 billion commercial paper

MTN Nigeria is returning to the debt market to source N50 billion in commercial paper, the wireless operator said in a statement on Monday, its first since raising N72.1 billion last November. “The issuance is part of the Company’s strategy to diversify its funding sources,” the company stated in a note to the Nigerian Exchange … Read more

Investors on Nigerian bourse lose N784bn

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Investors on Nigerian bourse lose N784bn

Over the course of the week, investors on the Nigerian Exchange Ltd. (NGX) equities market lost a total of N784 billion, week-on-week. Specifically, the market capitalisation, which opened the week at N56.296 trillion, shed N784 billion or 1.39 per cent to close the week at N55.512 trillion. The All-Share Index also declined by 1.39 per … Read more