Month June 2017

Etisalat repays 42% of loan, not under probe

FREEPRESS – Etisalat has repaid 42 per cent of the debt owed Nigerian banks and is not owing the humongous $1.2 billion, as being reported in the media. The clarification was made by the troubled telecommunications company today. “As at today,…

Banks want Etisalat $1.2b loan probed

FREEPRESS – Strong indications emerged on Wednesday that consortium of 13 banks, involved in Etisalat Nigeria’s 1.2 billion dollar loan is seeking the Federal Government’s intervention to investigate the management. A management source close to the banks told the News Agency…

Dollar crashes to N368/$1

FREEPRESS – The dollar yesterday crashed to N368/$ in the parallel market, after over three weeks at N382/$, representing N14 appreciation within the period. The exchange rate, which was confirmed by Aminu Gwadabe, president of the Association of Bureaux De Change…