Telecoms Highlight

CBN, NCC intervene in Etisalat’s $1.2b loan impasse

CBN, NCC intervene in Etisalat’s $1.2b loan impasse

Nigeria

The regulator of the telecoms sector, the Nigerian Communications Commission (NCC) and its regulatory counterpart in the financial services sector, the Central Bank of Nigeria (CBN) have initiated moves to settle the rift between Etisalat Nigeria and its consortium of local lenders.