Banks extend repayment of 9mobile’s USD1.2 billion debt

9mobile

According to FCMB, one of the lenders to 9mobile, former Etisalat Nigeria, the mobile carrier has received a relaxed repayment structure for its USD1.2 billion debt.

According to FCMB, 9mobile will be given more time to get buyers. The company announced last week through the Central Bank of Nigeria that it has appointed Citi and Standard Bank as advisers in its sales pitch to investors.

More details shortly…

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