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Nairaland Forum / Science/Technology / Phones / Is This The End Of Etisalat Nigeria? (27437 Views)
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Is This The End Of Etisalat Nigeria? by Nltaliban(m): 5:58pm On Jul 11, 2017 |
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. 21 Likes
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Re: Is This The End Of Etisalat Nigeria? by OVA200(m): 6:15pm On Jul 11, 2017 |
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. 17 Likes |
Re: Is This The End Of Etisalat Nigeria? by macaranta(m): 7:54pm On Jul 11, 2017 |
Sadly... Yes. 2 Likes |
Re: Is This The End Of Etisalat Nigeria? by veekid(m): 7:54pm On Jul 11, 2017 |
Nooooo! They are juz getting started |
Re: Is This The End Of Etisalat Nigeria? by sureheaven(m): 7:55pm On Jul 11, 2017 |
The end......... that's all 4 Likes |
Re: Is This The End Of Etisalat Nigeria? by kulobyno: 7:55pm On Jul 11, 2017 |
Question jam answer 1 Like |
Re: Is This The End Of Etisalat Nigeria? by chiboyo(m): 7:55pm On Jul 11, 2017 |
Etisalat was a top brand, really a pity! 6 Likes |
Re: Is This The End Of Etisalat Nigeria? by Hexilon: 7:55pm On Jul 11, 2017 |
1 Like |
Re: Is This The End Of Etisalat Nigeria? by Goldenheart(m): 7:55pm On Jul 11, 2017 |
Upon all their stinginess, them still cast. 36 Likes 2 Shares
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Re: Is This The End Of Etisalat Nigeria? by waptrickcom: 7:55pm On Jul 11, 2017 |
Chai |
Re: Is This The End Of Etisalat Nigeria? by Ekejoestar(m): 7:55pm On Jul 11, 2017 |
And i still 2.5gb unused data. Smh 6 Likes 1 Share
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Re: Is This The End Of Etisalat Nigeria? by Josh44s(m): 7:55pm On Jul 11, 2017 |
And these boiz are still hawking their SIM cards up and down 3 Likes |
Re: Is This The End Of Etisalat Nigeria? by kulobyno: 7:55pm On Jul 11, 2017 |
Ok |
Re: Is This The End Of Etisalat Nigeria? by Mergic(m): 7:55pm On Jul 11, 2017 |
"Now You are Talking"-----i meant Etisalat 2 Likes |
Re: Is This The End Of Etisalat Nigeria? by jessejunior(m): 7:55pm On Jul 11, 2017 |
we don't know the way forward this nation is confused 1 Like |
Re: Is This The End Of Etisalat Nigeria? by Lagusta(m): 7:55pm On Jul 11, 2017 |
Hmmmmmmmmm 2 Likes |
Re: Is This The End Of Etisalat Nigeria? by Alphybuks(m): 7:56pm On Jul 11, 2017 |
thunder fire glo 3 Likes |
Re: Is This The End Of Etisalat Nigeria? by shorlla(m): 7:56pm On Jul 11, 2017 |
Make them watch countries well before they rush go invest next time 6 Likes |
Re: Is This The End Of Etisalat Nigeria? by adioolayi(m): 7:56pm On Jul 11, 2017 |
Nothing is fair in this life....one should just pray to always be at the favourable side of life.....So so sad. 7 Likes |
Re: Is This The End Of Etisalat Nigeria? by MadCow1: 7:56pm On Jul 11, 2017 |
More reasons to respecr MTN. They have outlived Econet, Vodacom, Zain, Etisalat, Nitel and co.. 28 Likes |
Re: Is This The End Of Etisalat Nigeria? by ciopnigeria: 7:56pm On Jul 11, 2017 |
After 7 years ,they couldn't pay the loan? 3 Likes |
Re: Is This The End Of Etisalat Nigeria? by sureheaven(m): 7:56pm On Jul 11, 2017 |
Etisalat now be like......... 1 Like
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Re: Is This The End Of Etisalat Nigeria? by gurunlocker: 7:56pm On Jul 11, 2017 |
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. 4 Likes 1 Share |
Re: Is This The End Of Etisalat Nigeria? by bbbabes(f): 7:57pm On Jul 11, 2017 |
Good news for MTN |
Re: Is This The End Of Etisalat Nigeria? by humchrix333: 7:57pm On Jul 11, 2017 |
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 1 Like |
Re: Is This The End Of Etisalat Nigeria? by eightsin(m): 7:57pm On Jul 11, 2017 |
The dollar increment affected a lot of things... I'm tired of praying for this country 7 Likes |
Re: Is This The End Of Etisalat Nigeria? by itiswellandwell: 7:57pm On Jul 11, 2017 |
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. 4 Likes |
Re: Is This The End Of Etisalat Nigeria? by Notion(m): 7:57pm On Jul 11, 2017 |
They follow cause their down fall. 2 Likes |
Re: Is This The End Of Etisalat Nigeria? by Nobody: 7:57pm On Jul 11, 2017 |
APC and buhari are the worst thing to happen to Nigeria 14 Likes |
Re: Is This The End Of Etisalat Nigeria? by AK481(m): 7:57pm On Jul 11, 2017 |
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, 40 Likes |
Re: Is This The End Of Etisalat Nigeria? by friday2011(m): 7:57pm On Jul 11, 2017 |
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. 8 Likes |
Re: Is This The End Of Etisalat Nigeria? by praisedigx(m): 7:58pm On Jul 11, 2017 |
Its quite gonna be a huge loss to the internet users... 2 Likes |
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