Etisalat takeover: CBN intervenes to prevent loss of jobs

The Central Bank of Nigeria (CBN) and the Nigeria Communications Commission (NCC) have moved to intervene in the takeover of Etisalat Nigeria over a US$1.2 billion debt. A consortium of banks had taken over the management of Etisalat Nigeria over a syndicated loan of about US$1.2 billion granted the telecom company. Spokesperson of the CBN,... Read More