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NCC audits telecom firms’ financial status

The Nigerian Communications Commission has commenced a financial health check on major telecommunications operators in the country.

The commission’s Executive Commissioner, Mr. Sunday Dare, stated this on Tuesday during a corporate governance executive workshop organised by the regulator in Lagos.

He said that the NCC embarked on the exercise to find out the credit and debt profile of all telecoms companies in the country to avert future financial crisis that could lead to the closure or takeover of any telco.

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