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Etisalat Nigeria Changes Name to 9Mobile

Embattled telecommunications provider, Etisalat Nigeria has changed its name to 9Mobile following the pull out of Etisalat International. Etisalat in Abu Dhabi pulled out of Nigeria on Monday and gave the telecoms operation in Nigeria only three weeks to phase out the brand name and...

Etisalat to Phase out Brand in 3 weeks

Etisalat Nigeria has been asked by its parent telecommunication company in Abu Dhabi to terminate its management agreement. Etisalat Nigeria has also been given three weeks to phase out the brand in the country. The decision of the Abu Dhabi owned telecommunications networks resulted after the...

Etisalat Appoints CBN Deputy Governor Chairman

The Etisalat-Nigeria has appointed a Deputy Governor of the Central Bank of Nigeria, Joseph Nnanna, the new Chairman and will henceforth lead the company’s new Board of Directors. The CBN and the Nigerian Communications Commission said in a statement on Tuesday that they took the...

5 Companies Express Interest For 65% Shares in Etisalat Nigeria

According to Brandish, “no fewer than five” companies have expressed interest to buy Etisalat Nigeria, with Orange and Vodafone Group shown “concrete interest” for 65 per cent shares. The potential hurdle, the report said, was the restructuring of the debt which caused the current uncertainty...

Shareholders Advise Banks to Takeover Etisalat

Some shareholder groups in the nation’s capital market on Tuesday urged Etisalat Nigeria to settle the N1.2 billion debt it owed 13 commercial banks to avoid a takeover. A cross section of the shareholder groups stated this in an interview with the News Agency of...

Banks investigation of Etisalat over $1.2 billion loan

The consortium of 13 banks involved in Etisalat Nigeria’s $1.2 billion loan wants the Federal Government, through the Economic and Financial Crimes Commission (EFCC), to investigate what the company did with the loan. A management source yesterday, alleged that the loans were siphoned and needed...