MTNN Raises N75bn In Oversubscribed Commercial Paper

MTNN Raises N75bn In Oversubscribed Commercial Paper

MTNN Raises N75bn In Oversubscribed Commercial Paper …C0NTINUE READING HERE >>>

MTN Nigeria Communications (MTNN) Plc has raised N75.184 billion through its commercial paper issuance program.

Commercial paper is a type of short-term debt instrument issued by corporations and financial institutions. It is used to raise funds for working capital, and other short-term needs, and is generally considered to be a low-risk investment.

The company, in a statement signed by its secretary, Uto Ukbanah notified Nigerian Exchange Limited and the investing public of the…

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