Loan: Shareholders urge Etisalat to pay up

Loan: Shareholders urge Etisalat to pay up

Some shareholder groups in the capital market, yesterday, 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 Nigeria (NAN) in Lagos on Tuesday. They insisted that the company must settle the debt for the banks to meet up with their dividend obligations. The National Coordinator, Progressive Shareholders Association of Nigeria, Mr. Boniface Okezie, called on Etisalat to settle the debt owed the commercial banks…

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France to invest €1bn in Nigeria’s oil, gas sector – NNPC

France to invest €1bn in Nigeria’s oil, gas sector – NNPC

The French Government has said that it has set aside about one billion euros to be invested in the Nigeria oil and gas industry, stating that Nigeria remains her first economic trading partner in Africa. The France Ambassador to Nigeria, Denys Gauer, said this when the Group General Manager, Group Public Affairs Division (GPAD) of the Nigerian National Petroleum Corporation (NNPC), Mr. Ndu Ughamadu, led a delegation to his office in Abuja. Mr. Gauer said that French Development Agency has put the money in place to encourage French investors to…

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