• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Company News

Flash: Etisalat Owes GTB N42 billion

Nairametrics by Nairametrics
March 15, 2017
in Company News
Despite Profits of N6.5b from FX Sales, GTB CEO Says Naira Should Be Devalued by 10%
Share on FacebookShare on TwitterShare on Linkedin

RelatedStories

NUPRC,

Haril Global Solutions asks Court to unfreeze its N1.1 billion, cites alleged misrepresentation by EFCC, Globus

July 23, 2024
GTCO,Afex Commodities Exchange

What GTCO plans to do with its N400.5 billion capital raise

July 9, 2024

Nairametrics| The Managing Director/CEO of Guaranty Trust Bank (GTB) has confirmed that Etisalat owes them about N42 billion. Here is a run down of what we know so far;

  • GTB is exposed to Etisalat to the tune of N42 billion ($138 million)
  • Etisalat borrowed $1.2 billion from 13 Nigerian banks in 2013.
  • The loan is said to be “secured” meaning that Etisalat provided security against the loan. GTB did not reveal what the security is.
  • GTB plans to restructure the loan along with other Nigerian banks in a deal currently being hashed out by the Central Bank of Nigeria and NCC.
  • GTB has a total net exposure of N127.7 billion to the telecoms & transportation sector.
  • Thus its loan to Etisalat represents about 31% of its total exposure to the telecom & transportation sector

 

Tags: Etisalat NigeriaGT Bank
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

NUPRC,
Exclusives

Haril Global Solutions asks Court to unfreeze its N1.1 billion, cites alleged misrepresentation by EFCC, Globus

July 23, 2024
GTCO,Afex Commodities Exchange
Bank Recapitalization

What GTCO plans to do with its N400.5 billion capital raise

July 9, 2024
GTCO,Afex Commodities Exchange
Breaking News

Investors salivate as 96.6 million units of GTCO shares traded in single day

March 11, 2024
Top 10 most profitable Nigerian companies in 2022
Exclusives

REVEALED: Top 10 most profitable Nigerian companies in 2022

June 6, 2023
Big Four
Financial Services

Nigerian banks pay N7.7 billion as audit fees to PwC, KPMG, EY others in 2021

June 7, 2022
MTN, Dangote Cement lead top paying dividend companies in 2021
Financial Analysis

The biggest dividend-paying companies in Nigeria in 2022

June 2, 2022
Next Post
Total Nigeria Will Pay N2 As Interim Dividend For Q3’2015

Total Nigeria Reports N14.8 billion Profit After Tax (2016 FY)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • FG seeks $32.8 billion investment to boost electricity access for 300 million Africans
  • Meta lures Apple’s AI engineer with over $200 million pay package—Report  
  • Champion Breweries plans 5 billion ordinary share issuance for investors, hints N45 billion debt offering 

Follow us on social media:

Recent News

Adebayo Adelabu

FG seeks $32.8 billion investment to boost electricity access for 300 million Africans

July 10, 2025
Meta announces Llama impact grant for Sub-Saharan African Startups, researchers

Meta lures Apple’s AI engineer with over $200 million pay package—Report  

July 10, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics