Shell Nigeria Yudala
NCC, CBN rescue Etisalat

By News Express on 11/03/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 338


 

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have succeeded in halting an attempt by Etisalat’s creditors to take over the company.

A statement by the spokesman for NCC, Tony Ojobo, said reprieve came for the mobile network operator during a meeting held on Friday.

According to the statement, receivership was completely taken off the table in a meeting that was very productive and constructive.

“The meeting, which held at the CBN Office in Lagos, had the consortium of banks being owed and Etisalat in attendance. The banks and the mobile network operator agreed to concrete actions that will bring all parties closest to a resolution.

“The CBN and NCC were able to secure for Etisalat the necessary oxygen to enable it continue to meet urgent operational expenses.

“CBN Governor, Mr Godwin Emefiele, who chaired the meeting, was firm in declaring what needed to be done by both parties towards a quick resolution. The NCC equally made it clear that everything necessary must be done to protect the 23 million Etisalat subscribers and also protect the telecom industry to prevent potential investors from developing cold feet.

“Meanwhile, in a renewed effort to ensure that Etisalat remains in business while the consortium of banks meet their obligations to their customers, a meeting will hold on March 16 to agree on a payment restructuring path going forward.

“The NCC will lead the CBN in a possible crucial meeting with Etisalat’s shareholders anytime soon,” the statement read. (Channels TV)

 


Source News Express

Posted 11/03/2017 05:49:01 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Update: How Umaru Dikko died

Students narrowly escape death from chemical leak during...

NiMET lists 20 Nigerian cities expected to witness...

Suicide bombers kill over 70 in Borno

Arms Probe: Obanikoro returns to Nigeria to honour...

PDP plotting to violently disrupt May 23 Rivers...

Bank customers call for extension as BVN registration...

Bayelsa Guber Poll: Mangrove Boys plan 10,000-man march...

COINCIDENCES: Between Pope Benedict XVI and Ex-President Obasanjo...

Work resumes today after fuel price strike

Niger bans the export of donkeys after Asian...

Emulate Abubakar’s investment in education, health, Maitama Sule...

 

Latest News Menace of herdsmen: Anambra youths, women protest nude FG woos Japanese firms, dangles Special Economic Zones Boko Haram faction seeks grassroots support Indian mob bashes Kenyan student, thinking she is Nigerian 2 UniAbuja Senior Staff sacked over whistle blowing 269 die in meningitis outbreak Nigeria increases 2017 Eurobond to US$1.5 billion as investor appetite grows Prison official detained as NPS probes unauthorised release of convicted ex-governor SERAP slams Senate, demands withdrawal of summons to Sagay Benue Governor reshuffles cabinet Nigeria summons Indian Ambassador over attack on citizens Let’s use what we make, make what we use, By Bola Tinubu

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (235,647 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (214,026 views) Shameless Genevieve Nnaji exposes breasts in public (177,970 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (162,175 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (151,395 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (133,618 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (116,857 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (115,795 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (103,385 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (100,454 views) Lagos plane crash: Journalist releases victims’ names (98,922 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (93,564 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,502) Business Verdict (14) Columnists (658) Complaints & Requests (83) Enterprise & Opportunities (143) Entertainment (293) Features (414) Global Business Monitor (144) International (1,318) Interviews (116) Live Commentary (28) Love Matters (49) News (22,855) Opinion (669) Pidgin (8) Politics (3,628) Religion (496) Sports (1,246) Stock Watch (15) AMA & Al Jazeera Global Update

 

 

JAMB Sale of 2016/2017 UTME/DE applications

 

CBN Advert

 

Certificate Controversy: Dino Melaye celebrates as Vice Chancellor confirms he graduated...

 

APO Newsbreak logo

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!