Etisalat changes name, now 9mobile

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Etisalat Nigeria has said it would soon change to a new brand identity that would reflect its new aspirations and philosophy.

The company announced the name change at end of a management meeting in Lagos.

Etisalat Nigeria has complied with the demand of the Etisalat Group that it changes its name within three weeks.

This is coming in days after the global franchise, Etisalat International ended its management agreement with its Nigerian arm.

Nigeria's telecoms regulator will check the financial health of other operators after Etisalat Nigeria defaulted on a $1.2 billion loan, a spokesman said.

Watch the NAIJ.com TV video below of the minister of transportation, Rotimi Amaechi, talking about the achievements of the federal government and President Buhari so far. Etisalat Nigeria will now be known as 9Mobile.

"As at today, we can categorically state that the outstanding loan sum to the consortium (of banks) stands at $227m and N113bn, a total of about $574m if the naira portion is converted to US Dollars".

All UAE shareholders of Etisalat Nigeria have exited the company and have left the board and management.

Former Celtel (now Airtel) Nigeria Deputy Managing Director Boye Olusanya was recently ppointed as the Chief Executive Officer to oversee the transition.

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