Why Nnanna, Ex-CBN Dep. Gov. was appointed to lead turnaround of Etisalat Nigeria
More details have emerged on the choice the former deputy governor, Financial System Stability of Central Bank of Nigeria (CBN), Dr. Joseph Nnanna, as the new chairman of Etisalat Nigeria. It would be recalled a new board of directors and…
CBN makes key management appointments at Etisalat to drive transition process
The Central Bank of Nigeria (CBN) on Tuesday, announced in Acting Capacity, one of its deputy governors, Dr. Joseph Nnanna as Chairman for a replacement of the founding chairman of Etisalat Nigeria, Mr. Hakeem Bello-Osagie who resigned late last week….
Etisalat: Window of hostile acquisition widens with Belo-Osagie’s resignation
Following the resignation of the Chairman of Etisalat Nigeria, Hakeem Belo-Osagie, from the telecommunications company over the $588.6m debt owed a consortium of 13 banks, pundits following the development has argued that chances of a possible acquisition of the company…
Etisalat’s loan: CBN, NCC should stop tossing lenders’ around—Banks’ shareholders’
Leading capital market pundits and leadership structures of shareholders associations have waded in to the Snell speed handling of the $1.2bn syndicated loan default between Etisalat Nigeria and a consortium of 13 banks. Running for months now, Etisalat Nigeria had…
Etisalat claims 42% debt cleared, chides reports of investigation on use of loan
In continuation of the drama and counter claims trailing the final fight for the soul of Etisalat Nigeria, the company claimed on Thursday that about 42 per cent (about $504 million) of the original loan package of $1.2 billion (about…
New twist as banks seek forensic investigation on how Etisalat used $1.2bn loan
Fresh strange developments seem to be trailing the ongoing determination of the destiny of embattled telecoms group, Etisalat this week. Latest on Wednesday indicates that the consortium of 13 banks, involved in Etisalat Nigeria’s $1.2bn loan has changed its game,…
Game over as 13 banks now part owners of Etisalat, new ownership structure underway
After weeks of lifeless battle and semantics to maneuver 13 lion-eyed Nigerian banks, indication emerged Tuesday evening that the end game has been won and lost as struggling telecoms group, Etisalat Nigeria is now working out new ownership structure that…
Banks yet to consider Etisalat’s parent group’s proposal on debt restructuring
It is not yet uhuru for Etisalat Nigeria as the new deal proposed by its core investors, the Etisalat Abu Dhabi, is yet to be considered by13 creditor banks. Business Hilights gathered that the parent company, Etisalat Abu Dhabi, had…
Etisalat reacts, denies collapse of talks with banks on loan repayment
In view of the barrage of news reports showing that banks are not very comfortable on the direction and slow process of talks with Etisalat Nigeria in the repayment of loans, the Vice President, Regulatory and Corporate Affairs in the…
More confusion for Etisalat Nigeria as deadlock trail loan repayment talks with banks
Indication has emerged showing that the loan-ridden telecoms, Etisalat Nigeria is not yet out of the woods as moves to renegotiate the $1.2 billion defaulted loan with Nigerian banks has hit the rock following the missing of the last payment…
