Monday, July 10, 2017
Etisalat Pulls Out Of Nigeria After Loan Talks Collapse
Abu Dhabi’s Etisalat has terminated its management agreement with its Nigerian arm and given the business time to phase out the brand in Nigeria, the chief executive of Etisalat International told Reuters on Monday.
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 of Etisalat Nigeria have exited the company and have left the board and management, Hatem Dowidar said in an interview.
He said discussions were ongoing with Etisalat Nigeria to provide technical support, adding that it can use the brand for another three-weeks before phasing it out, Reuters reports.
This is coming in days after the global franchise, Etisalat International ended its management agreement with its Nigerian arm.
This is an x-rated video of a group of female lesbo's indulging in sexual relations. It is by far one of the most shameless but yet pop...
Tunji Alaso (a.k.a Alhaji Gay) was reported dead this morning. Reports have it that he's a self acclaimed EFCC informant that has been t...
Nigeria and some other countries will no longer be eligible to participate in the America Diversity Visa lottery programme. Information from...