NewsExpress banner First Bank Fashion Souk Fidelity bank card banner Umm Sulaim's Thoughts Camano banner

FCMB rakes in $3m from 9mobile sale

By News Express on 06/12/2018

Gmail icon

Views: 732


Nigerian bank FCMB said on Wednesday it had received $3 million as part of the proceeds from the sale of debt-laden telecoms firm 9mobile, which was seized by its lenders and sold to new investors.

In November, Teleology completed a takeover of 9mobile, the country’s fourth biggest operator, ending a long bidding process for the debt-laden company that started a year ago.

FCMB has around 4 billion naira exposure to 9mobile, the bank said. (Reuters)

Source News Express

Posted 06/12/2018 10:54:46 AM

 

 

CLASSIFIED ADS

 

You may also like...
Why South East is facing unstable power supply...

I don start night school

Five steps to evaluating a DDoS managed service...

Nigeria Prison Service promotes 5,482 Officers

Gov. Ahmed condoles Baraje on mother’s death

Pa Tunji Gomez: Nigeria has lost a colossus,...

Johnbosco Onunkwo emerges Youth Empowerment Icon of the...

Herdsmen have killed over 500 of our people...

Body of Attorneys-General meets to deliberate on national...

Emeka Ihedioha: Can this man rule Imo State?...

Borno Govt. sacks 27 LG Caretaker Committees

Chibok, Dapchi: 10 hot questions for the police...

 

Latest News N40m cash stolen in Bayelsa Government House Saudi student kills 3 persons at US naval base Sowore’s re-arrest: Soyinka slams DSS, sends message to Buhari Court affirms Oshiomhole’s suspension by Edo APC, annuls NWC’s Reconciliation Committee Traffic light violators to pay N50,000 fine in 2020 — FRSC ‘Justice slowly becoming a thing of the past’ — Davido, Banky W, other celebrities fume over Sowore’s re-arrest Boko Haram kills 4, abducts 18 civilians 2020 Edo Budget: Obaseki breaks 15-year record Invasion of court by DSS confirms Nigeria is sliding into dictatorship — PDP Restructuring: Only National Assembly can conduct exercise — Buhari Nnamdi Kanu’s father died of trauma arising from invasion of palace by Nigerian soldiers — IPOB Tax evasion: Enugu Internal Revenue Service seals banks, hotels, schools

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (569,397 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (455,494 views) Shameless Genevieve Nnaji exposes breasts in public (405,316 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (340,121 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (306,839 views) 10 cars more expensive than Jets (290,552 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (260,736 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (259,550 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (241,006 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (227,545 views) Lagos plane crash: Journalist releases victims’ names (203,394 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (199,872 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (111) Business & Economy (4,614) Business Verdict (89) Columnists (1,155) Complaints & Requests (97) Enterprise & Opportunities (220) Entertainment (715) Features (852) Global Business Monitor (497) ICT Monitor (72) International (4,303) Interview (216) Live Commentary (30) Love Matters (177) Maggie's Blog (510) News (54,915) Opinion (1,436) Pidgin (18) Politics (11,853) Religion (1,130) Sports (2,244) Stock Watch (40) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera