MTN plans to raise US$1.1bn in debt in Nigeria this year

MTN plans to raise US$1.1bn in debt in Nigeria this year: MTN Group Ltd. plans to borrow as much as N400bn (US$1.1bn) in Nigeria this year as Africa’s largest wireless carrier by sales seeks to fund local investment and replace existing debt in the continent’s most populous country. The carrier expects to list its Nigerian unit on the Lagos stock exchange by the end of 2018. (Source: Bloomberg)

Unilever shareholders approve sale of spreads unit, N2.87bn dividends: Shareholders of Unilever Nigeria Plc have approved the plan by the company to sell its spread business to Sigma Bidco as proposed by the Board of Directors. The shareholders also ratified the payment of N2.87bn (US$8.0m) in dividends, translating to 50 kobo per share for the year ended December 31, 2017. (Source: Vanguard)

About Christopher Ezeadichie 3409 Articles
Ezeadichie Onyeka Michael is the Co-Founder of Haelsoft, a Professional Services Company in Nigeria that provides Information and Technology Services for small and big size companies in Nigeria(Africa). He is an Entrepreneur and Venture Capitalist with Expertise in Web Technology and Digital Marketing. He has developed & Implemented Digital Marketing Strategies(Campaigns) for top brands across sectors in Finance, Telecommunication, Ecommerce who operate in the African market. His professional experience includes key roles at Google Business Group(Nigeria), Google Women on the Web (Nigeria), Edubridge Consultant and Wild Fusion where he has trained over 500 Entrepreneurs on how to use various Web Technology products to succeed online. Customer centricity, User Experience, Conversion optimization are 3 pronged framework he applies around the often-frenetic world of web analytics to ensure that clients stay competitive in the market. He believes that investing in talent is the key to long term success for brands across Nigeria (Africa).

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