CBN move to prevent Etisalat Nigeria job losses over default

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