Etisalat Nigeria to meet lenders over restructuring

By Bianca Boorer
13 Mar 2017

Etisalat Nigeria will meet with 13 local lenders this week to discuss its restructuring plans for a $1.2bn loan taken out in 2013, according to the Nigerian Communications Commission (NCC).

The telecommunications unit has recently missed repayments on the syndicated loan, which has caused the country’s telecoms regulator to step in.  

The NCC met with the Central Bank of Nigeria last Thursday to deliberate on “how best to stave off the attempt by the banks to ...

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