MTN Nigeria proposes issuance of N72.1 billion series 10 commercial paper 

MTN Nigeria Communication Plc has proposed the issuance of up to N72.1 billion series 10 commercial paper notes under its N250 billion commercial paper issuance programme. 

This was contained in the company’s notice to the Nigerian Exchange Limited and the investing public seen by Nairametrics. 

According to the statement signed by Uto Ukpanah, Company Secretary, the issuance is part of the company’s strategy to diversify its funding sources with the funds being deployed towards short-term working capital requirements.