Nigerian lenders pick Barclays to find new investors for 9mobile -sources

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19/10/2017/Reuters

Nigerian lenders have picked Barclays to try to find new investors for debt-laden 9mobile, two banking sources said on Thursday. 

The sources also said the central bank had asked the lenders to take a five percent provision on a $1.2 billion syndicated loan to 9mobile in their third-quarter results due this month, pending the emergence of new investors.

Reporting by Chijioke Ohuocha; Editing by Mark Potter

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