03

Nov

MTN Nigeria to raise N52.9bn via Commercial Paper issuance

MTN Nigeria Communications Plc has notified the Nigerian Exchange and the investing public of its proposed issuance of up to N52,895,846,000 Series 8 and 9 Commercial Paper notes under its N250 Commercial Paper Issuance Programme. The issuance is part of the Company’s strategy to diversify its financing options with the funds being deployed towards short term working[…]

03

Nov

‘We have sufficient stock of currency notes’ – CBN

The Central Bank of Nigeria has debunked the news of naira scarcity circulating in the media. In a statement by the apex bank on its official website, CBN stated thus: The attention of the Central Bank of Nigeria (CBN) has been drawn to reports of alleged scarcity of cash at banks, automated teller machines (ATMs), Points of[…]