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Topic: CBN move to prevent Etisalat Nigeria job losses over default  (Read 764 times)

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CBN move to prevent Etisalat Nigeria job losses over default
« on: June 25, 2017, 07:03:31 AM »
CBN move to prevent Etisalat Nigeria job losses over default

Central Bank of Nigeria, CBN, said yesterday that it intervened in talks after Etisalat Nigeria defaulted on a $1.2 billion loan because it sought to prevent job losses and asset stripping. Isaac Okorafor, a spokesman for the Apex bank, said they intervened, along with telecoms regulator the Nigeria Communications Commission ,NCC, because Etisalat Nigeria is […]
Source: CBN move to prevent Etisalat Nigeria job losses over default

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post culled from nigerianpilot.com
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