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Nigeria: No Plan to Take Over Etisalat, Consortium Insists, Demands Full Repayment
Leadership, 20 June 2017
There are strong indications that the consortium of banks being owed N541 billion by Etisalat Nigeria has no intention of taking over ownership of the telecoms network. Read more »
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Nigeria: Etisalat Crisis Worsens Zenith Bank, GTB, Others' Debt Exposure - Report
Premium Times, 22 June 2017
Zenith Bank's exposure in the $1.2 billion (about N377.4 billion) syndicated loan granted Etisalat Nigeria by a consortium of 13 Nigerian banks accounts for about 3.5 per cent of… Read more »
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Nigeria: CBN Aligns With NCC, to Resist 'Hostile' Takeover of Etisalat
This Day, 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… Read more »
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Nigeria: Etisalat Says It 'Consistently' Repaid Loan
Premium Times, 22 June 2017
Embattled mobile telephone operator, Etisalat Nigeria, said on Thursday about 42 per cent (about $504 million) of the original loan package of $1.2 billion (about N377.4 billion)… Read more »
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Nigeria: CBN Orders Lenders to Maintain Status Quo On Etisalat Indebtedness
Vanguard, 22 June 2017
The Central Bank of Nigeria (CBN) yesterday directed the consortium of 13 banks involved in Etisalat Nigeria's $1.2 billion loan to suspend further action on the indebtedness,… Read more »
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Nigeria: Banks Want Etisalat $1.2 Billion Loan Probed
Daily Trust, 22 June 2017
Strong indications emerged on Wednesday that a consortium of 13 banks involved in Etisalat Nigeria's $1.2 billion loan is seeking Federal Government's intervention to investigate… Read more »