March 16, 2017 / 11:28 AM / 5 months ago

Fidelity Bank says has $56 mln exposure to Etisalat Nigeria

LAGOS, March 16 (Reuters) - 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. ($1 = 314.50 naira) (Reporting by Chijioke Ohuocha; editing by Jason Neely)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below