Nigeria: CBN Aligns With NCC, to Resist 'Hostile' Takeover of Etisalat

22 June 2017

Just like the Nigerian Communications Commission (NCC), the leadership of the Central Bank of Nigeria (CBN) has informed the 13 banks that extended a $1.2 billion facility to Etisalat Nigeria that it would resist the move by the lenders to take over the network operator without its express approval.

This was the fallout of a meeting held between CBN officials and the CEOs of the 13 banks Wednesday in Abuja.

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