Business Hilights

Tracking Nigeria's Headline Business News Online

Ibrahim Dikko

Road cutting for FOC

ATCON boss, Dikko, Coker, others say ‘broadband should be a privileged right’

Leading stakeholders in Nigeria’s broadband services delivery, have made it clear that it is high time, state governments’ who are key obstacles in the race to broadband penetration had a rethink and review their hard stand on milking Infrastructure Companies…


Etisalat Nigeria begins search for new name as UAE parent body quits finally

Following the termination of its management agreement with the Nigerian arm which came Monday evening, the Chief executive of Abu Dhabi based Etisalat International; Hatem Dowidar has announced that Nigeria can only use the brand name for another three weeks…


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…


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…


Last week to decide Etisalat’s destiny on $1.2b debts owed banks begins today

Feelers form some of the major banks owed by the telecoms group; Etisalat on Sunday revealed that this week remains the period for final decision on the troubled $1.2 billion syndicated loan crisis rocking the firm with about 13 Nigerian…

Etisalat nigeria

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…