₦airaland Forum

It's no longer news that Etisalat is backing out from Nigeria after CBN in collaboration with some banks took over the company. 

Am not a marketer or something, but I don't want to be sentimental. The truth is ETISALAT NIGERIA GOT LOAN FROM THE BANK WHEN EXCHANGE RATE WAS FAVORABLE, WHEN NIGERIA WAS TOGETHER. HOPING TO PAY BACK AT THE SAME RATE. but looking at how the exchange rate has skyrocketed, one would know that it's wouldn't be the same for Etisalat Nigeria the exchange rate is now twice of the amount it was when the acquired the loan. Meaning that the would be paying twice the amount they loaned INTEREST NOT INCLUDED this is cruelty at its peak. 

I think the federal government should just step into this before Nigeria looses all its potential investors.

No na the beginning,
I still pity them Sha



Dedicate my first to comment to all average guy trying everything possible to make ends meet God bless our hustle.

Sadly... Yes.

Nooooo! They are juz getting started

The end......... that's all

Question jam answer

Etisalat was a top brand, really a pity!

Upon all their stinginess, them still cast.

Chai

And i still 2.5gb unused data. Smh

And these boiz are still hawking their SIM cards up and down

Ok

"Now You are Talking"-----i meant Etisalat

we don't know the way forward

this nation is confused

Hmmmmmmmmm

thunder fire glo

Make them watch countries well before they rush go invest next time

Nothing is fair in this life....one should just pray to always be at the favourable side of life.....So so sad.

More reasons to respecr MTN.

They have outlived Econet, Vodacom, Zain, Etisalat, Nitel and co..

After 7 years ,they couldn't pay the loan?

Etisalat now be like.........

Buhari is working... that's the effect of buharinomics.

I will so much miss that network, just wish GLO can acquire it and move away from their snail speed thing called network.

Good news for MTN

Seriously you don't have news to talk here the person that posted this etisalat stuff here . Is an old news that already everywhere. Please, step up your games and give us something new okay . Don't be lazy

The dollar increment affected a lot of things... I'm tired of praying for this country

This is not the end of ETISALAT. Afterall, we once had Econet, Zain, where are they now? Water passed garri for them so some people acquired them and the name were changed. In business, you lose and you gain.


check my signature for your full capacity powerbank.

They follow cause their down fall.

APC and buhari are the worst thing to happen to Nigeria

Not twice the rate they borrowed,maybe thrice.

Buhari and his economic team caused it

How?

Ok bring out your calculator.

1.2bn$ borrowed at 150 naira to be payed back in 2years time=180bn naira to be paid back.

Let's say etisalat made an additional profit of 100bn naira that's 280bn naira right!.everybody rejoices.

Loan expires at the late 2016 dollar =504 naira,to pay back =603bn naira plus loan service charge say 630 billion to pay back.


What on earth can save them from not collapsing?

They made good profit for their business.

But it still wasn't enough.
If u look around and u want to be truthful,most company almost died or died because of Buhari.

Hepocrisy at its peak,

Because the exchange rate wasn't favourable?, what if it was the other way round, I mean in favour of ETISALAT, won't they repay at the current exchange rate.

Buhari fall on them.

Its quite gonna be a huge loss to the internet users...