Exotix x-rays impact of Etisalat loan on Nigerian creditor banks

Exotix x-rays impact of Etisalat loan on Nigerian creditor banks

Etisalat Nigeria’s loan impact is manageable for Nigerian creditor banks, UK-based investment firm, Exotix Partners, said in a June 22 note to BusinessDay. Etisalat Nigeria took a syndicated bank loan of US$1.2bn (NGN192billion) in 2013 from 13 Nigerian banks, for the purpose of refinancing its existing loans at the time and funding its network expansion….

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