Fidelity Bank says has $56 mln exposure to Etisalat Nigeria

0
186

LAGOS, March 16 – Fidelity Bank has exposure of around 17.5 billion naira ($56 million) to Etisalat Nigeria, the Nigerian lender’s investor relations team said on Thursday.

The Nigerian arm of Abu Dhabi-listed telecoms company Etisalat is in talks with local banks to renegotiate the terms of a $1.2 billion loan it took out four years ago after missing a payment.

LEAVE A REPLY

Please enter your comment!
Please enter your name here