Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

MTN Nigeria in Debt as it Borrows €100m for 4G Network Operations

Somto NwanoluebySomto Nwanolue
October 27, 2022
in Business & Finance
0
MTN Nigeria in Debt as it Borrows €100m for 4G Network Operations
Share on FacebookShare on TwitterShare on Whatsapp

MTN Nigeria has just taken out a €100 million loan from the European Investment Bank -EIB, to finance its 4G network operation in Lagos and Ogun States respectively.

The €100 million will be used to expand the 4G coverage of the network provider and expand broadband access in line with MTN’s Ambition 2025 strategy. A corporate document shared with the firm’s stakeholders today disclosed.

This will aid in improving network capacity across Nigeria to accommodate increasing data traffic and enhance coverage in Lagos and Ogun States.

MTN Nigeria’s CEO, Karl Toriola said: 

“We are committed to leading digital solutions for Nigeria’s progress. This requires the continuous upgrade and expansion of our infrastructure to enable us to deliver. The EUR 100 million financings agreed with the ElB will accelerate 4G coverage, enhance network capacity and drive innovation that will benefit our customers.”

Meanwhile, commenting on the debt financing, the Ambassador of the European Union to Nigeria and ECOWAS, H.E. Samuela Isopi, reported that  “Digital transformation offers Africa tremendous opportunities, and digitalization is one of the priorities of the European Union partnership with Africa.”

Tags: €100 million loan from the European Investment Bank -EIB4G network operationBorrows €100mKarl ToriolaMTN Nigeria in DebtMTN Nigeria’s CEO
Somto Nwanolue

Somto Nwanolue

Somto Nwanolue is a news writer with a keen eye for spotting trending news and crafting engaging stories. Her interests includes beauty, lifestyle and fashion. Her life’s passion is to bring information to the right audience in written medium

Related Posts

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 22, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 20, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 19, 2025
Next Post
Kadri Eyes First-Ever Knockout stage Qualification for Tunisia At the World Cup

Kadri Eyes First-Ever Knockout stage Qualification for Tunisia At the World Cup

IGP Stations Combatant Officers on Standby over Terror Alert

IGP Stations Combatant Officers on Standby over Terror Alert

ADC Bemoans the Destruction of Campaign Billboards, Flex Banners & Posters in Imo State.

ADC Bemoans the Destruction of Campaign Billboards, Flex Banners & Posters in Imo State.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nollywood actor , Inidinma Okogie ties the knot.

Governor of Sokoto State lifts Curfew.

3 years ago
Billions in Assets Flee China Amid Economic Uncertainty

Billions in Assets Flee China Amid Economic Uncertainty

12 months ago
Petrol Price Skyrockets: N1,300 per Litre Looms as NNPC Faces Financial Woes

Petrol Price Skyrockets: N1,300 per Litre Looms as NNPC Faces Financial Woes

1 year ago
Montana Bar Shooting: Army Veteran Arrested in Connection With Deadly Anaconda Attack

Montana Bar Shooting: Army Veteran Arrested in Connection With Deadly Anaconda Attack

2 months ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Sarkozy Gets VIP Treatment in Jail as Police Guard His Cell

Nigeria Bets $220 Million on Jobs While Youths Still Wait for Work

Baltimore’s Mayor’s Wife Faces Investigation

Should Mayor Brandon Scott Resign?

Sowore Condemns Police “Brutality,” Gives Update on Kanu’s Lawyer and Brother After Prison Visit

Offensive Texts Sink Trump’s Court Nominee, Forcing Sudden Withdrawal

Trending

Osimhen Scores Twice as Galatasaray Win 3-1 Away Against Bodo/Glimt in Champions League
Sports

Osimhen Scores Twice as Galatasaray Win 3-1 Away Against Bodo/Glimt in Champions League

byHashim Kolawole
October 22, 2025
0

Victor Osimhen’s amazing two-goal performance led Galatasaray to an outstanding 3-1 victory over Bodo/Glimt in the UEFA...

The Internet Declared Kendall Jenner's 'King Kylie' Outfit a 'Fail.' Here's Why They're Right

The Internet Declared Kendall Jenner’s ‘King Kylie’ Outfit a ‘Fail.’ Here’s Why They’re Right

October 22, 2025
Nigeria Bans Sex with Minors but Ignores Muslim Marriages to Minors

Nigeria Bans Sex with Minors but Ignores Muslim Marriages to Minors

October 22, 2025
Sarkozy Gets VIP Treatment in Jail as Police Guard His Cell

Sarkozy Gets VIP Treatment in Jail as Police Guard His Cell

October 22, 2025
Nigeria Bets $220 Million on Jobs While Youths Still Wait for Work

Nigeria Bets $220 Million on Jobs While Youths Still Wait for Work

October 22, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Osimhen Scores Twice as Galatasaray Win 3-1 Away Against Bodo/Glimt in Champions League
  • The Internet Declared Kendall Jenner’s ‘King Kylie’ Outfit a ‘Fail.’ Here’s Why They’re Right
  • Nigeria Bans Sex with Minors but Ignores Muslim Marriages to Minors

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com