Fidelity Bank takes 5 pct impairment charge on 9mobile loan
Nigeria’s Fidelity Bank has taken a 5 percent impairment charge on a ₦17.3 billion ($55 million) loan to Etisalat Nigeria, now called 9mobile, Fidelity Chief Executive Nnamdi Okonkwo said on Wednesday, in line with a Central Bank of Nigeria (CBN) request. Etisalat Nigeria took out a $1.2 billion syndicated loan from a group of 13 […]
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