The Etisalat debt default saga while negative for lenders does not pose a systemic risk! Fig 1: Banks Exposure to Etisalat Nigeria Banks Etisalat Loan N'm (Naira) Etisalat Exposure (Dollars) $'m Zenith Bank 80,000 262.3 Guaranty Trust Bank 42,000 137.7 Access Bank 40,000 131.1 United Ban
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