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CREDIT OBLIGATIONS

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MTN Nigeria’s outstanding letters of credit balance reduces to $243.4 million

MTN Nigeria has said that it utilized the improved liquidity in the FX market to reduce the balance of outstanding letters of credit (LC) obligations to $243.4 million as of 31st March 2024, from $416.6 million as at December 2023.

Chris Ugwu · May 3, 2024 3 min