• Contact Us
  • About Us
Friday, May 23, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Nigeria banks ask Etisalat to inject equity after local unit misses payment –source

metro by metro
March 8, 2017
in Economy
0
0
SHARES
0
VIEWS

Nigerian banks have asked Abu Dhabi-listed telecom group Etisalat to inject fresh equity into Etisalat Nigeria after the affiliate missed a payment on its $1.2 billion loan, a senior banking source told Reuters.

The banking source with knowledge of matter said Etisalat Nigeria had given notice to Nigerian lenders that it would miss a February payment which triggered a debt discussion, adding that they were yet to agree on terms.
The source said lenders have asked Etisalat Nigeria to convert shareholder loans on their books into equity and inject fresh capital to free up its cash flows, in addition to asking that its parent firm to increase its 40 percent stake in the affiliate.

Read Also

BudgIT Raises The Alarm Over Budget Padding Worth N6.93trn By NASS In 2025 Budget

DMO Allots Over N4.28b In FGN Savings Bonds For May 2025

FG, States, LGs Share N1.681trn April, 2025 Revenue

Previous Post

Nigeria to raise 213.7 bln naira in Treasury bills on March 15

Next Post

Lecturer at 23, borrowed to pay school fees… 7 things you didn’t know about Osinbajo

Related Posts

‘Gasping For Breath’ By Nigerians Continues As Analysts Forecast Further Inflation Increase
Economy

BudgIT Raises The Alarm Over Budget Padding Worth N6.93trn By NASS In 2025 Budget

May 20, 2025
Debt Management Office
Economy

DMO Allots Over N4.28b In FGN Savings Bonds For May 2025

May 17, 2025
FG, States, LGs Share N954bn FAAC In July, Highest Monthly Allocation Under Buhari Administration
Economy

FG, States, LGs Share N1.681trn April, 2025 Revenue

May 16, 2025
National Bureau
Economy

Nigeria’s Inflation Drops To 23.7% As Prices Of  Staples, Other Food Items Reduce

May 15, 2025
Next Post

Lecturer at 23, borrowed to pay school fees… 7 things you didn’t know about Osinbajo

Invest Hong Kong Global Outreach Campaign Connects Eastern Europe, Africa and the Middle East to Engage with Emerging Markets

May 21, 2025
WHO

World Leaders,  Others, Pledge Over $170m For WHO Ahead Of US Exit

May 21, 2025
Borno Governor Zulum Accuses Politicians, Soldiers As Informants To Boko Haram

Borno Governor Zulum Accuses Politicians, Soldiers As Informants To Boko Haram

May 21, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version