Business

Zenith Bank [Photo Credit: Logbaby.com]

Etisalat crisis worsens Zenith Bank, GTB, others’ debt exposure – Report

A sensitivity analysis shows Zenith Bank contributed the largest to the loan.

Etisalat Nigeria

Etisalat says it ‘consistently’ repaid loan

The firm denies it is being probed by the EFCC.

An Etisalat Office

Banks seek EFCC investigation of Etisalat Nigeria over $1.2 billion loan

“All we want is to recover the loans; we cannot write off the loans as being demanded by Etisalat,” a source said.

Executive Secretary of the association, Obafemi Olawore [Photo: Pulse.ng]

Pay us N720 billion subsidy claims, petrol marketers tell Nigerian govt

The marketers said the non-payment was also affecting Nigerian banks.

network cables RJ45 connected to a switch

Internet outage looms in Nigeria as MainOne cable develops fault

The 14-day service outage Is the first of its kind in seven years since the cable system came into operation.

NCC Headquarters

Etisalat Nigeria Crisis: NCC assures subscribers of network integrity; restates conditions for license

‎Etisalat is being taken over by a consortium of banks.

Mr. Osinbajo made the statement Thursday in Abuja at the colloquim on ``Biafra: 50 years after’’ organized by the Yar’ Adua Foundation at the Shehu Musa Yar’ adua Centre, Abuja. [Photo: Vanguard Newspaper]

We’ll render operators of electricity generating sets ‘jobless’ – Osinbajo

The acting president inaugurates Nigerian Renewable Energy Roundtable.

An Etisalat Office

N541 billion Debt: Access Bank, others take over Etisalat Nigeria

The takeover became effective June 15.

electric_cable_313900502

SON intercepts N8 billion worth fake cables in Lagos

The cables were reportedly imported from China.

Central bank of Nigeria

CBN injects $195m into foreign exchange market

The bank says it will continue to ensure adherence to its forex policy.

Minister of Budget and National Planning Senator Udoma Udo Udoma [Photo Credit: Channels TV]

Nigerian govt to use N559 billion recovered loot to fund 2017 budget – Minister

“On recoveries, we are being extremely conservative; what is in the budget is what we know about already.”

House of Reps

Reps will resist acquisition of more Nigerian banks’ toxic debts – Lawmaker

“We are aware that some economists are clamouring for AMCON to buy more toxic assets …”

Minister of Finance, Kemi Adeosun

2017 budget: Nigerian govt set to release N350 billion for capital projects – Adeosun

The government also listed some conditions for funding of projects.

Minister of Finance, Kemi Adeosun

Nigerian govt may adopt agric youth initiative developed by IITA – Adeosun

The finance minister visited the IITA to assess the project there.

An Etisalat Office

Why exit of Mubadala, Etisalat’s majority shareholder, is not announced yet – Source

PREMIUM TIMES last week reported the withdrawal of Mubadala, which controlled 70 per cent stake in Etisalat along with Etisalat UAE mobile.

NNPC TOWERS

NNPC crashes diesel price nationwide by 42 per cent – Spokesperson

Prices dropped from N300 per litre to about N200 per litre.

IMG_20170516_123801

SPECIAL REPORT: Uber killing our business, Lagos taxi drivers lament

“These days, in a whole week, you may not get N5,000…which wasn’t the situation before now,” a driver lamented.

An Etisalat Office

Troubled Etisalat Nigeria ‘considering options’

PREMIUM TIMES reported the exit of the telecom firm’s major shareholder.

nlng

Nigerians should show more interest in NLNG – Official

“Why has it not gone the way of others, particularly as it is managed 100 per cent by Nigerians?”

Doyin Salami [Photo Credit: TAMS Nigeria]

Experts suggest steps to Nigeria’s sustainable growth

A panellist said Nigeria must look beyond getting out of recession.

Dollars

Nigerian migrant workers contribute $18.956 billion remittances in 2016

Global migrant workers sent back to their home countries $445 billion in 2016.

Nigerian Stock Exchange (NSE)

Nigeria equity market maintains positive trend

The banking stocks were the toast of investors with Access Bank emerging the most traded.