17 important things to know about Etisalat Nigeria debt crisis
The mobile telecom operator, Nigeria’s fourth largest, is enmeshed in a debt crisis.
Bassey Udo is PREMIUM TIMES' Business & Economy Editor. He has covered finance, energy, oil, gas & extractive industries for over a decade. He is a winner of the Wole Soyinka Award for Investigative Journalism, and the Thomson Reuters Foundation (Wealth of Nations) Award for Business Reporting. Bassey is an alumnus of the U.S. International Visitors Leadership Programme. Twitter: @ba_udo
The mobile telecom operator, Nigeria’s fourth largest, is enmeshed in a debt crisis.
NNPC remitted money into the FAAC account only six times in 2015 and 2016.
The company linked to a Nigerian senator, Hope Uzondinma, denies it was favoured to get the contract.
The CBN was invited by the NCC to help persuade the banks to accept a negotiated settlement by establishing a...
Oil revenue also dropped during the month.
A sensitivity analysis shows Zenith Bank contributed the largest to the loan.
The firm denies it is being probed by the EFCC.
Worried staff want to know how the takeover affects them and their future.
Etisalat is being taken over by a consortium of banks.
A consortium of banks took over the telecoms firm since June 15.
The takeover became effective June 15.
PREMIUM TIMES last week reported the withdrawal of Mubadala, which controlled 70 per cent stake in Etisalat along with Etisalat...
PREMIUM TIMES reported the exit of the telecom firm's major shareholder.
“Why has it not gone the way of others, particularly as it is managed 100 per cent by Nigerians?”
The telecom firm has been unable to service its debt, and the creditor banks are fuming.
The 2017 International Visitors Leadership Programme provides a rare window to learn American bureaucracy and its media under Trump.
The projected deficit is N2.36 trillion, to be financed largely through borrowing.
Total crude oil export sale stood at $361.95 million for the month.
About 30 per cent of the total foreign exchange allocation from the Central Bank of Nigeria went into importation of...
The government says its plan to end fuel imports by 2019 is achievable.
The PIB is the draft law containing proposed legal, fiscal and regulatory frameworks guiding operations of the country's petroleum industry.
The economics professor said Nigeria must be at the forefront of the fight.
Tip-offs provided by the beneficiaries led to the recovery of N11.6 billion.
Petrol price currently stands at N145 per litre in all filling stations across the country.
Mr. Buhari’s two years in office are, perhaps, the most difficult in Nigeria’s economic history.
All content is Copyrighted © 2024 The Premium Times, Nigeria
All content is Copyrighted © 2024 The Premium Times, Nigeria