TAG: ETISALAT NIGERIA

All the major economic news in Nigeria in 5 minutes 22/6/2017

Summary of the top business, economic and political news in Nigeria today.   The Acting Chairman, Fiscal Responsibility Commission...


Etisalat claims it owes banks $575million not $1.2 billion

Etisalat Nigeria has revealed that the $1.2 billion widely reported as its indebtedness to about 13 Nigerian banks is...




Likely effect of an Etisalat solvency on the profits of these banks

Summary: An equivalent of 49% of the profits made by Fidelity Bank in 2016 could be lost Access Bank...


All the major economic news from Nigeria in 5 minutes – 21/6/2017

Summary of the top business, economic and political news in Nigeria today.   The Central Bank of Nigeria, CBN,...


Sequence of events that led to the exit of Etisalat UAE

Nigeria’s fourth largest GSM service provider Etisalat Nigeria announced on Tuesday that its parent company, Etisalat UAE has decided...


List of Nigerian banks exposed to Etisalat’s $1.2 billion debt

Etisalat UAE has officially decided to pull out of Nigeria following a series of negotiations with a consortium of...


Official: Etisalat UAE pulls out of Nigeria, may also take back naming rights

Etisalat Nigeria has confirmed changes in its shareholdings structure. Its Abu Dhabi parent company, Etisalat UAE informed the Abu...


It’s over, Etisalat UAE throws in the towel          

The Etisalat Nigeria saga has developed yet another twist, as a press release issued on the Abu Dhabi Stock...


7 funding options available to Etisalat to avoid going bust

Etisalat UAE, the largest shareholder in Nigeria’s third largest GSM Network, Etisalat Nigeria, may have discretely agreed to pull out...


All the major economic news from Nigeria in 5 minutes – 19/6/2017

Summary of the top business, economic and political news in Nigeria today.   Barring further economic upheavals or exogenous...


All the major economic news from Nigeria in 5 minutes – 16/6/2017

Summary of the top business, economic and political news in Nigeria today.   Acting president, Yemi Osinbajo, says refineries...


Rumoured Globacom acquisition of Etisalat could be the new norm for telcos

Unconfirmed reports suggest Globacom Chairman Mike Adenuga may be interested in acquiring Etisalat Nigeria. Etisalat is currently in negotiations...


All the major economic news from Nigeria in 5 minutes – 06/6/2017

Summary of the top business, economic and political news in Nigeria today.   Nigeria’s President Muhammadu Buhari is expected...


Etisalat vs Nigerian banks: Why not try this option?

The intervention by the National Communications Commission (NCC) and the Central Bank of Nigeria (CBN) in negotiations between Etisalat...


Etisalat’s loss of 2.9 million customers could cost it almost N7 billion

Nairametrics| Two successive quarterly reports by the Nigerian Communications Commission (NCC) revealed that Etisalat Nigeria lost 2.9 million subscribers in...


Jitters, as talk between Etisalat and Nigerian banks hit brick wall

Nairametrics|Talks between telecoms operator Etisalat and the consortium of Nigerian banks has ended in a deadlock.  Etisalat held the...



Deadlock: Banks Have Refused Etisalat’s “Trojan Horse” Offer

Nairametrics| The 13 Nigerian banks that loaned Etisalat Nigeria, $1.2 billion in 2013, insist the bank must, repay the...


Etisalat Debt: IHS Has Explained Its Own Side Of The Story

Nairametrics| Ever since the Etisalat $1.2 billion debt unraveled a couple of weeks ago, we have now had about...


Fidelity Bank Comes Clean: ‘Etisalat Nigeria Owes Us N17.5 Billion’

Nairametrics| Fidelity bank, is now the latest Nigerian bank to come clean on Etisalat Nigeria’s indebtedness to it. The...


After GTB Comes Clean On Etisalat, Who Is Next?

Nairametrics| At this rate, Etisalat Nigeria may turn out to be the proverbial bull in the china shop for...


Flash: Etisalat Owes GTB N42 billion

Nairametrics| The Managing Director/CEO of Guaranty Trust Bank (GTB) has confirmed that Etisalat owes them about N42 billion. Here...


How They Are All Connected To The Etisalat Web Of Debt

Nairametrics| With Etisalat, the duo of the Central Bank Of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have a big...


Abu Dhabi Etisalat May Divest From Nigeria Once It Signs Deal With Banks

Abu Dhabi telecoms group Etisalat may sell its stake in Etisalat Nigeria, which has defaulted on a $1.2 billion...


Bailout? Etisalat Owes IHS Too And Has Defaulted In Payments

Nairametrics| Despite the temporary reprieve from what was an imminent commencement of receivership activities by a consortium of Nigerian Banks,...


Access Bank Confirms Etisalat Owes It N40 billion

Nairametrics| The CEO of Access Bank, Herbert Wigwe has reportedly confirmed that Etisalat owes it about N40 billion out of...


This Is Why Etisalat’s 4G Service Is Different From What You Are Used To

It’s now official! Etisalat Nigeria has joined the league of telecom providers offering the 4G LTE service. Globacom and...


Etisalat Nigeria Mobile subscribers in 2015

Number of Etisalat Nigeria Mobile subscribers in 2015     Month  Etisalat    Jan          21,559,667 Feb          22,015,685 Mar...


Etisalat Sues MTN For Trying To Dominate Telecoms Sector

Etisalat has instituted a legal action against MTN over the acquisition of Visafone’s 800MHz spectrum. MTN Group, had last...