Posts Tagged ‘Etisalat’

Publish your List of Shareholders,Shehu Sani Tells Etisalat and Keystone Bank

By Sylvanus Ofekun The statement by one of the spokespersons  of the Atiku Campaign Organisation,Buba Galadima alleging that families, associates, and cronies of President Muhammadu Buhari, were the largest shareholders in the management of the communications giant, Etisalat, and Keystone bank has continued to generate debate. The Peoples Redemption Party member representing Kaduna Central Senatorial […]

Etisalat packs out of Nigeria as loan talks fail

Abu Dhabi’s Etisalat has reportedly terminated its management agreement with Etisalat Nigeria and given the business time to phase out the brand in Nigeria, the chief executive of Etisalat International. Nigerian regulators intervened last week to save Etisalat Nigeria from collapse after talks with its lenders to renegotiate a $1.2 billion loan failed. All UAE shareholders […]

Etisalat releases Statement on takeover by Banks 

Chief Executive of Etisalat Nigeria, Mathew Willsher, in a memo, acknowledged the challenging business outlook for the company in the wake of the development. He added that negotiations allowed the refocus of its energies on the financial, operational and strategic priorities to help the company emerge better and stronger from its current position. Titled: “A […]

Etisalat in Trouble over unpaid debt of N541.8 billion to three Nigerian Banks

Access Bank, Zenith Bank and Guaranty Trust bank are set to take over Etisalat today following failed truce negotiations brokered by the NCC. The three banks have been in a running battle with the mobile telephone operator over a loan facility totalling $1.72 billion (about N541.8 billion) obtained in 2015. The Loan which was backed […]

NCC Give Reason For Data Tariff Hike

Nigerian Communications Commission (NCC) has given reason behind the directive to the five big telecoms operators in the country to increase their data tariffs from Thursday, December 1. The reason is reportedly in order to allow small operators and new entrants to acquire market share and operate profitably. An NCC official who spoke on condition […]

FLASH| NCC Set To Hit MTN, Airtel, Globacom & EMTS With More Fines

Apart from facing a $5.2bn fine in Nigeria, mobile network MTN has this year already paid millions of Naira in other penalties, according to regulators. MTN announced in October that it’s been fined $5.2bn by the Nigerian Communications Commission (NCC) for failing to disconnect up to five million unregistered SIM cards in that country. Talks between […]