✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Press To Play

MTN Nigeria proposes N100bn commercial paper notes

MTN Nigeria has proposed the issuance of up to N100 billion series 6&7 commercial paper notes to diversify its financing options.  This was disclosed via…

MTN Nigeria has proposed the issuance of up to N100 billion series 6&7 commercial paper notes to diversify its financing options. 

This was disclosed via an official statement signed by Company Secretary, Uto Ukpanah to Nigeria Exchange Limited. 

According to the statement, the issuance of commercial paper notes is part of the company’s strategy to diversify its financing options, with the funds deployed towards working capital and general corporate purposes. 

Commercial paper refers to a short-term, unsecured debt obligation that is issued by financial institutions and large corporations as an alternative to costlier methods of funding.  

It is a money market instrument that generally comes with a maturity of up to 270 days

 

Nigerians are now earning dollars with premium domains, these domains can be acquired for $1500-$2000 profit margin can be as much as $15,000 to $20,000. Click here to learn how to earn dollars.
Click here to learn more.