The newspaper headlines for March 9 focus on the take-over of telecommunication company, Etisalat by three Nigerian banks over default in payment and other major news like Xenophobic attacks on Nigerians in South Africa.
Vanguard reports that three Nigerian banks and their foreign affiliates, on March 8, took over Etisalat Nigeria for allegedly failing to repay a loan of over N541 billion it secured from the consortium in 2015.
3 banks take over Etisalat as federal government declares recession will end this year
The Nigerian banks include Guarantee Trust Bank, Access Bank and Zenith Bank.
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The Nation is reporting that Lagos state government on March 8, accused the federal government frustrating its plan to rebuild the Oshodi-Murtala Muhammed Airport road. Governor Akinwunmi Ambode also said six months after President Buhari directed that the Presidential lodge in Marina should be ceded to Lagos state, the state is yet to take over the edifice.
3 banks take over Etisalat as federal government declares recession will end this year
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The Nigerian Senate and the House of Representatives are at loggerheads on the proposed trip to South Africa by both chambers in connection with the recent xenophobic attacks on Nigerians in the country, Punch reports.
3 banks take over Etisalat as federal government declares recession will end this year
This Day reports that the federal government on Wednesday expressed optimism that the Nigerian economy was on the path of recovery, assuring the public that the country would crawl out of recession before the end of the year.
3 banks take over Etisalat as federal government declares recession will end this year
Making this disclosure while briefing journalists at the end of the Federal Executive Council (FEC) in Abuja, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, said available indices had shown that the economy was recovering faster than it was envisaged.
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