Nigerian mid-tier lender FCMB has an exposure of N4.5 billion ($14.7 million) to Etisalat Nigeria and about N500 million to contractors working with the telecom firm, it said on Friday.
The Nigerian arm of Abu Dhabi-listed telecoms company Etisalat has been discussing with 13 local banks about renegotiating the terms of a $1.2 billion loan after missing a payment.
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