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MTN Secures N200bn Medium Term Loan, Aims to Expand Infrastructure

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L-R: Adamu Lawani, General Manager, Zenith Bank Plc; Chairman, MTN Nigeria Communications Plc, Pascal Dozie; Managing Director, Fidelity Bank Plc, Nnamdi Okonkwo; Chief Executive Officer, MTN Nigeria Communications Plc, Ferdi Moolman; Board Member and MTN Nigeria Communications Plc, Gbenga Oyebode at the signing of a N200 billion loan medium-term loan facility held at Aluko & Oyebode, Ikoyi, Lagos on Friday, May 17, 2019.
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MTN Nigeria Communications Plc has signed a 7-year N200 billion Medium Term Facility with a consortium of seven (7) banks aimed to help fund its 4G and other infrastructural projects across the country.

 

This is coming barely a day after the company listed on the Premium Board of The Nigerian Stock Exchange (NSE).

 

The consortium of banks that facilitated the loan facility were Access Bank, Guaranty Trust Bank, Zenith Bank, Fidelity Bank, First City Monument Bank, United Bank for Africa and First Bank with Citibank acting as co-ordinator and Quantum Zenith as Facility.

 

The agreement was formally signed at a ceremony at the law offices of Aluko & Oyebode in Ikoyi, Lagos, in the presence of key partners and other stakeholders.

 

The Medium Term Facility will enable MTN to fund its evolving business opportunities while assisting with capital expenditure and working capital, to deliver enhanced customer service.

 

It follows the successful establishment of a similar seven year, N200 billion facility by MTN in 2018 and forms part of the company’s wider programme to raise domestic debt.

 

Speaking at the signing, Ferdi Moolman, Chief Executive Officer, MTN Nigeria, expressed enthusiasm at the completion of the agreement, saying it signposts MTN’s commitment to and confidence in Nigeria, and the strength of the strategic collaboration between MTN Nigeria and local financial institutions, that will help deepen and broaden the provision of ICT services in Nigeria:

 

“This facility expands our existing successful domestic debt programme which we are using to fund increased network capacity, and the expansion of both the Voice and Data services on our network to customers in new areas, and with new next generation services.

 

“We have enjoyed remarkable funding support from Nigeria’s financial institutions since our first facility in 2003 and this has been critical to the development of one of the largest telecoms network in Africa, with over 60m subscribers.

 

“I am delighted that, so soon after our successful listing on the Nigerian Stock Exchange, we are able to compliment it with such an important addition to our portfolio of debt.”

 

Moolman lauded the participating financial institutions for staying committed to MTN, stressing that the loan syndication showcases the strength of the Nigerian financial institutions and their confidence in MTN’s vision, as well as both parties joint ability to stimulate significant economic growth.

 

The facility is structured with a 2-year moratorium and a repayment plan of seven (7) years and is denominated in Naira.

 

This is the eighth syndicated loan agreement by MTN in Nigeria since its inception 18 years ago.

 

 

 


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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MTN Nigeria to Lease Spectrum from T2 Mobile, Ends Agreement with Ntel

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MTN Nigeria Communications Plc has secured regulatory approval from the Nigerian Communications Commission (NCC) to lease frequency spectrum from T2 Mobile Limited (formerly 9Mobile), marking a strategic shift in its network expansion plans.

Effective October 1, 2025, MTN will lease 5MHz in the 900MHz band and 15MHz in the 1800MHz band from T2 Mobile for a period of three years.

This move supports MTN’s national roaming agreement with T2, enabling shared infrastructure to manage growing network traffic and improve service delivery

According to MTN Nigeria CEO Karl Toriola, the agreement aligns with the company’s Ambition 2025 strategy, which emphasizes cost-effective, sustainable growth, industry collaboration, and digital inclusion.

In a related development, MTN Nigeria has announced it will not renew its current spectrum lease with Natcom Development and Investment Ltd (Ntel). That lease—covering 5MHz in the 900MHz band and 10MHz in the 1800MHz band across 17 states—is set to expire on November 29, 2025.

MTN reaffirmed its commitment to investing in infrastructure and strategic partnerships to deliver high-quality, innovative telecom services across Nigeria.


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MTN Foundation Opens Applications for Phase 2 of SAIL Teachers’ Fellowship to Train 5,000 Nigerian Educators in Digital Skills

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MTN Foundation, in partnership with SAIL Innovation Lab and Co-Creation Hub (CcHub), has announced the commencement of the second phase of the MTN SAIL Teachers Fellowship Programme with a call for applications.

The initiative aims to equip 5,000 public school teachers across Nigeria with cutting-edge digital skills, innovative teaching methods, and leadership capacity to transform the learning experience in public schools.

The call for applications, open until 19th October 2025 is part of the MTN Foundation’s continued commitment to strengthening Nigeria’s education sector and empowering educators with the tools they need to thrive in a rapidly evolving world.

In addition, participants will gain access to the MTN Skills Academy, an online learning platform offering free, self-paced courses on coding, data analytics, digital marketing and other in-demand skills.

This ensures teachers can continue their professional development long after the training period, equipping them with the tools to prepare students for the opportunities of the digital economy.

Speaking on the launch of Phase 2, Odunayo Sanya, Executive Director, MTN Foundation, said: “Teachers are the backbone of our education system. By empowering them with digital competencies and innovative teaching methods, we are directly investing in the future of our youths.

This Fellowship Programme is designed to ensure that our educators are not just keeping pace with global best practices but are actively shaping the next generation of innovators and leaders.”

Participants in the programme will undergo intensive training on topics such as technology integration in the classroom, modern pedagogical techniques, digital tools, and personal leadership.

The training will be delivered by experienced facilitators and education experts to ensure a blend of practical knowledge and peer-driven learning.

The MTN SAIL Teachers Fellowship Programme, initiated in 2024, is a part of the Foundation’s broader mission to catalyse sustainable development initiatives that make measurable impact in the areas of education, health, and economic empowerment.

Since its inception, MTN Foundation has reached millions of Nigerians through various programmes, reaffirming its role as a catalyst for positive change.

Interested teachers can learn more and apply via https://bit.ly/STFP2025 as applications are expected to close on October 19, 2025.


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Konga’s Category Month Campaign Drives Sales and Social Impact in Nigeria

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Konga, Nigeria’s leading composite e-commerce group, has continued to record remarkable feedback from shoppers as its ongoing Category Month Campaign builds momentum. Since its kick-off in early September, the initiative has spotlighted key product categories each week, delivering unbeatable deals and heightened excitement across Nigeria’s digital retail space.

The campaign debuted with Home and Kitchen products in the first week of launch, offering households the chance to upgrade essentials at discounted prices.

This was followed by Electronics Week, which drew an overwhelming response from tech-savvy shoppers eager to secure top-quality gadgets at market-leading prices.

This week, attention has shifted to Beauty, Health and Personal Care, as well as Fashion, promising even more compelling offers for style enthusiasts and wellness-focused consumers.

According to industry observers, shoppers have embraced the campaign for clear reasons: convenience, affordability, and trust. By focusing on one category per week, Konga ensures a curated shopping experience where customers enjoy depth, variety, and verified quality across product lines. Strategic partnerships with global brands further guarantee authenticity, while Konga’s reliable logistics network continues to deliver purchases swiftly and securely.

In addition, Konga’s Category Month is strategically driving value for both buyers and sellers. For shoppers, it translates into savings and access to exclusive bundles. For merchants, it unlocks visibility to wider audiences and boosts sales volumes in a competitive marketplace.

Beyond the campaign, Konga has also reinforced its reputation as a socially responsible brand through the Computerise Nigeria Initiative, launched recently in partnership with Zinox and KongaCares.

The initiative aims to put one million laptops into the hands of young Nigerian students, bridging the digital divide and equipping the next generation for a knowledge-driven economy.

Konga is calling on well-meaning Nigerians, NGOs, religious institutions, and corporate bodies to support this noble effort, which has the potential to transform education and empower millions of youths across the country.

With Category Month and social impact initiatives like Computerise Nigeria, Konga is not only redefining retail in Nigeria but also cementing its role as a catalyst for digital inclusion and economic growth.

 

 

 


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