Loan Scandal: CBN Browbeats Banks As Etisalat Proposes Only 10% Payment Of Bad Loans

The crisis confronting debt-ridden Etisalat, one of Nigeria’s biggest telecom companies, took a disturbing turn yesterday, with the Central Bank of Nigeria (CBN) urging a consortium of banks to which Etisalat is indebted to the tune of over $1.2 billion to stop putting pressure on the telecom company. Two banking sources, including one present at…

Evander Holyfield, ACI Entertainment Partner on Boxing Reality Show

Few weeks after staging Rhumbles, the first boxing and entertainment event in Nigeria featuring four time heavyweight champion, Evander Holyfield, foremost entertainment firm, ACI Entertainment and Evander Holyfield’s Realdeal Entertainment have entered into a partnership to stage the first boxing reality show in Nigeria Among other things, the boxing reality show will seek to discover…