The Senate has warned that about 4,000 jobs may be lost in the telecommunications industry, following the $1.2bn Etisalat loan. This is inevitable unless the relevant government agencies move swiftly to salvage the fallout of the takeover of 9mobile (Etisalat Nigeria), by 13 local...

MTN Nigeria has got a whopping N221 million waiver on telecoms permit fee in Kano following the timely intervention of the telecoms regulator, the Nigerian Communications Commission (NCC). Sources close to NCC told THISDAY that the timely intervention by the Executive Vice Chairman of the...

The Nigerian Communications Commission (NCC), in partnership with the Central Bank of Nigeria (CBN), has successfully staved off the takeover of Etisalat Nigeria telecommunications company by a consortium of banks over a loan of N200 billion. The Executive Vice Chairman of the NCC, Prof. Umar...

Over 150million telecoms consumers in the country will spend close to N3.5trillion on telecoms services by the end of this year, all things being equal, the Nigerian Communications Commission has said. This will include spending on calls, data services and mobile devices, according to the...

Abu Dhabi telecoms group Etisalat may sell its stake in Etisalat Nigeria, which has defaulted on a $1.2 billion loan, but wants the company’s debt restructured before it does so, it was gathered. The Central Bank of Nigeria (CBN) and telecoms regulator, the Nigerian Communications...

Following the seeming collapse of talks between Etisalat Nigeria and a consortium of banks -Guaranty Trust Bank Plc (GTBank), Access Bank Plc and Zenith Bank Plc, there are indications that the financial institutions are making move to take over the telecom firm. Premium Times reported...