Saturday, September 7, 2019

Tag "Etisalat"

    Keyamo to Atiku: Admit it’s over and endorse Buhari

Keyamo to Atiku: Admit it’s over and endorse Buhari

Festus Keyamo, spokesman of the campaign of President Muhammadu Buhari, has asked Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), to accept defeat ahead of the 2019 presidential election and endorse Buhari.Keyamo said this while responding to Atiku's call for a probe of Buhari’s family over their alleged ownership of substantial shares in Etisalat and Keystone Bank.The senior [...]

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    Finally, Olusanya confirms 9mobile will be sold to Teleology

Finally, Olusanya confirms 9mobile will be sold to Teleology

Boye Olusanya, the chief executive officer (CEO) of 9mobile, has finally confirmed that the telecommunications company, formerly known as Etisalat Nigeria, will be sold to Teleology Holdings.According to Olusanya, Teleology Holdings emerged the best bidder in the sale process, while Smile Telecoms Holdings is considered as reserved bidder if Teleology reneges on its bid for the multimillion-dollar company.In a communication [...]

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    9mobile: Barclays has not resigned as financial adviser

9mobile: Barclays has not resigned as financial adviser

The management of 9mobile says Barclays Bank has not withdrawn as financial adviser of the 9mobile investment process.According to a statement released on its website, the company said the bank is committed to a speedy conclusion of the process."Following recent press reports relating to Barclays Africa’s role as financial advisor on the sale of 9Mobile, the board of directors of [...]

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    Senate probes utilisation of $1.2bn loan obtained by Etisalat

Senate probes utilisation of $1.2bn loan obtained by Etisalat

The senate has mandated its committees on banking, communications capital market, national security and intelligence to investigate the utilisation of $1.2 billion loan obtained by Etisalat.The upper legislative chamber also mandated the committees to make recommendations on ways the country's financial structure could be strengthened by legislation to prevent a similar reoccurrence.The resolutions of the senate followed a motion entitled [...]

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    Akinola, ex-Etisalat marketing director, becomes ntel CEO

Akinola, ex-Etisalat marketing director, becomes ntel CEO

The board of ntel, a Nigerian telecommunications network, has announced the appointment of Ernest Akinola, former Etisalat marketing director, as its chief executive officer.In a statement shared with TheCable, Osondu C. Nwokoro, ntel's director, external affairs,  said the transition period did not have any adverse impact on the business operations of the country."Having led teams in marketing, sales, finance, strategic [...]

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    Nigerian reputation management firm named West Africa’s best

Nigerian reputation management firm named West Africa’s best

Chain Reactions Nigeria, a Nigerian public relations and integrated communications consulting firm, has been named the best reputation management consulting firm in West Africa.The firm, which is an affiliate of Edelman, an international communications marketing firm with presence in 65 countries, beat two Ghanaian agencies at the 7th edition of the Nigeria brand awards organised by International Brand Award Nominees.The [...]

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    First Bank: We want to reposition 9mobile before sale

First Bank: We want to reposition 9mobile before sale

First Bank of Nigeria (FBN) says the Nigerian banks which took over 9mobile -- formerly known as Etisalat Nigeria -- are stabilising the telecommunication company before looking for new investors to buy into the company. Quoting First Bank, Reuters reported that the country's fourth largest telecoms group will keep stability until they can find new investors, adding that there is no need to [...]

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    9mobile unveils new brand logo, says values remain the same

9mobile unveils new brand logo, says values remain the same

9mobile, the latest addition to the Nigerian telecommunications space, says the values on which it operated as Etisalat Nigeria has not changed despite its rebranding.At a press briefing in Lagos on Wednesday, Bode Olusanya, chief executive officer of the company, said the new brand identity reflects the "bold and creative attributes it shares" with its subscribers."In our 9 years of [...]

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    ‘Formerly known as Etisalat’ — EMTS confirms 9mobile is new brand name

‘Formerly known as Etisalat’ — EMTS confirms 9mobile is new brand name

The Etisalat number you are calling is now on the 9mobile network.Emerging Markets Telecommunication Services Limited (EMTS), which previously traded as Etisalat Nigeria, on Tuesday confirmed changing its trading name to 9mobile.TheCable had reported the name change on Friday -- and it is now due for official unveiling on Wednesday.The company was given three weeks to drop the Etisalat brand name [...]

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    EMTS: We are in talks with Etisalat to keep its brand name in Nigeria

EMTS: We are in talks with Etisalat to keep its brand name in Nigeria

Emerging Markets Telecommunication Services Ltd. (EMTS), trading as Etisalat Nigeria, says the Nigeria arm is still the soul of its business.The company said it is aware of recent news reports regarding Etisalat Group’s withdrawal of the right to the continued use of the Etisalat brand in Nigeria by EMTS, stating that it "still has a valid and subsisting agreement [...]

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    Etisalat Nigeria gets ‘a few weeks’ to drop brand name

Etisalat Nigeria gets ‘a few weeks’ to drop brand name

Telecoms group Etisalat has finally announced the termination of its management agreement with its Nigerian arm.According to Reuters, the company has given few weeks to operators of the brand to phase out Etisalat in NigeriaHatem Dowidar, chief executive of Etisalat International, said the company, with a 45 percent stake in the Nigerian business, is transferring its shares to a trustee [...]

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    Hakeem Belo-Osagie steps down as chairman Etisalat Nigeria

Hakeem Belo-Osagie steps down as chairman Etisalat Nigeria

Hakeem Belo-Osagie, the chairman of Etisalat Nigeria, has resigned his appointment after the restructuring of the telecommunication company.The resignation is effective immediately.According to Etisalat, Belo-Osagie had planned to leave immediately the banks made the take-over move, he opted to tarry until a road map for the company was finalised."The timing of the resignation was strategically delayed till now when stakeholders [...]

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    Etisalat Takeover: CBN steps in to secure over 4,000 jobs

Etisalat Takeover: CBN steps in to secure over 4,000 jobs

The Central Bank of Nigeria (CBN) and the Nigeria Communications Commission (NCC) have declared their decision to intervene in the Etisalat Nigeria debt crisis in order to prevent job losses and asset stripping. The move was as a result of the deepening crisis between Etisalat and a consortium of 13 Nigerian banks over a syndicated loan of about US$1.2 billion granted [...]

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    ‘Takeover’ won’t affect you, NCC assures 21m Etisalat subscribers

‘Takeover’ won’t affect you, NCC assures 21m Etisalat subscribers

The Nigerian Communications Commission (NCC) has assured 21 million Etisalat subscribers that the telco's N541 billion debt and brewing takeover will not, in any way, affect them negatively.In a statement signed by Tony Ojobo, NCC director of public affairs, the commission said it attempted to find a resolution to the challenges facing the company, but could not get desired results.NCC [...]

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    Etisalat: We’ve paid 42% of our debt…we are not under EFCC investigation

Etisalat: We’ve paid 42% of our debt…we are not under EFCC investigation

Etisalat Nigeria says it is not being investigated by the Economic and Financial Crimes Commission (EFCC) as a result of any petition.The telecommunications company also added that it had paid about 42 percent of its original loan, taken from a consortium of banks.In a statement signed by Ibrahim Dikko, Etisalat vice-president of corporate affairs, the telco said it is keeping [...]

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    Etisalat announces ‘new shareholding’ as creditors move in

Etisalat announces ‘new shareholding’ as creditors move in

A consortium of banks has taken over Etisalat Nigeria over the failure of the company to repay loans amounting to N541 billion, with the telco announcing a share restructuring on Tuesday. The telecommunications company had obtained the loans from 13 banks, including Guaranty Trust Bank, Access Bank, Zenith Bank, UBA, Fidelity Bank and First Bank.It took the loan to refinance an existing [...]

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Exchange Rates

September 06, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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