Etisalat pulls out of Nigeria after loan talks collapse

Etisalat pulls out of Nigeria after loan talks collapse
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#Etisalat has terminated its management agreement with its Nigerian arm and has given Etisalat Nigeria three weeks to phase out the brand in the country.

The decision of the Abu Dhabi owned telecommunications networks resulted after the failure its $1.7 billion laon talks collapsed.

Chief executive of Etisalat International, Hatem Dowidar said on Monday that the there was no need for the brand in Nigeria after the collapse of the loan talks.

Nigerian regulators intervened last week to save Etisalat Nigeria from collapse after talks with its lenders to renegotiate a $1.2 billion loan failed.

Although Etisalat Nigeria in a statement issued three weeks ago claimed that it had repaid 42 per cent of the loan. “As at today, we can categorically state that the outstanding loan sum to the consortium(of banks) stands at $227m and N113bn, a total of about $574m if the naira portion is converted to US Dollars. This in essence means almost half of the original loan of $1.2bn, has been repaid. “Etisalat continued to service the loan up until February 2017, when discussions with the banks regarding the repayment restructuring commenced,” Ibrahim Dikko, vice-president, Regulatory & Corporate Affairs of Etisalat Nigeria said.

However, Etisalat International announced on Monday that it was pulling out as all UAE shareholders of the company have exited and left the board and management of the Nigerian brand.

NAN  -

Source - Goldmyn TV 

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Breaking: Obaseki wins at supreme court

Breaking: Obaseki wins at supreme court
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The Supreme Court has dismissed the case of Pastor Osagie Ize-Iyamu, and has affirmed Godwin Obaseki as the Governor of Edo state.

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The Supreme Court also disclosed that it would give its reasons for the judgment on July 24, 2017.

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More details soon...  - #regrann 

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DEAL DONE: Manchester United have signed Romelu Lukaku on a 5-year contract.

DEAL DONE: Manchester United have signed Romelu Lukaku on a 5-year contract. £75m rising to £90m.

#DoneDeal #Lukaku #ManUtd #ManUnited #MUFC #RedRoom #PremierLeague  - #regrann 

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Advertise With Us

Advertise With Us

Advertise on AFROMAX TV BLOG  and get your products and services in front of business men and professionals who are banking money on daily basis. AFROMAX TV BLOG  has one of the finest internet audience in Nigeria, made up of serious business men and women who are looking for ways to improve their businesses and new business opportunities to invest in.

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Oge Okoye’s ‘Hips’ Has Got People Talking

Coming after she was ripped apart for claiming dogs that belonged to American actress, Kenya Moore, Nollywood actress Oge Okoye has been slammed by followers after she shared photo of her one-sided hip on Instagram, thanks to Photoshop.

The actress who was called out by her followers, was also slammed her for having a curvy gate too as the dent on her gate was noticeable.

Fans wasted no time as they took to the comment section to hail Oge for her photoshop skills and also criticised her for not being real enough.

Here’s the photo and what people are saying:

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Watch Uriel Oputa Gush Over ‘The Nexus Kitchen Cook Out With Uriel’ In Porthacourt

BB Naija runner-up, Uriel Oputa who is the latest brand ambassador of Nexus appliances is looking forward to her Nexus kitchen cook-out in Portharcourt.

She shared a video and wrote;

“What do you like in Your Native Soup ,? i’m in PH yaaay !!! Lets get this Nexus kitchen cook with Uriel going!!!! Lots of give aways, crazy fun, and of course food… cant wait to see you all Lets eat and be merry because @nexusappliancessays so… at 238 Iyowuna drive off peter odili by market square (Higi Haga world wide) 4pm 8th july”

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7 Times Madam Kofo Made A Statement With Her Peculiar Gele

Ace Nigerian Nollywood actress, Abiola Atanda popularly known as Madam Kofo cannot be mistaken for another because of her signature head gear.

The star cum master of ceremonies, is one woman who doesn’t just put smiles on faces at events with her rib cracking jokes but literally turns heads.

Stargist.com presents 7 Times the veteran actress held us spell bound with her trademark head gears.

1. That time her trademark ‘ceiling fan’ head gear was headed for the skies.

2. That time her Gele was like no other

3. Even the custom ‘all-white’ themed event did not stop her shine

4. Even at her daughter’s wedding, she stormed there with her strong Gele game

5. That time her Gele was one in town

6. That time she and her Gele meant business

7. That time she proved that tying Gele is serious business

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BB Naija Efe Prepares To Bring Down The Roof With New Club Banger, ‘Somebody’

Big Brother Naija Winner 2017 winner, Efe aka Efe Money shared the official music video to his recently released track, “Somebody“.

The single was produced by Duktor Sett and was directed by ace videographer, Paul Gambit with Kemen, Yung6ix, making cameo appearances.  This is his latest single after ‘Based On Logistics’.

Watch video

https://youtu.be/UHYY6oBIw4s

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Ubi Franklin Performs The Most Adorable Daddy Duty Ever

Ubi Franklin was recently spotted bottle-feeding his son, Jayden. He shared photos and wrote;

“I’ll pause anything anytime to do this for you. 
Love  Chairman ”

He was born in Cross River state, on February 2, 1986 with his twin brother who is now late. His late father worked as a high court judge before he died, he had his primary and secondary education in Calabar and studied Law at Madonna University.

Ubi and Lilian welcomed their son in July 2016.

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Vimbai Mutinhiri Is The First Black Female Ambassador Of Legacy Lifestyle

The beautiful and talented TV host and Producer, Vimbai Mutinhiri has been announced as the latest and first black female Ambassador of Legacy Lifestyle.

Legacy Lifestyle is one of Africa’s Premier Luxury Rewards Programme. It is part of the Legacy Group and founders of the Wheatbaker Hotel.

With over 200 luxury partners, the African entertainment and media personality will represent the Africa’s Premier Luxury Rewards Programme.

Voted in the top 50 most influential people under 40 in Zimbabwe, Vimbai has achieved many accolades in her career, including African TV Presenter of the Year 2013; Victors Award Winner as well as being voted in the Top 20 Most Beautiful Celebrities in Africa.

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