Police have sealed off the corporate headquarters of Nestoil Limited in Victoria Island, Lagos, after the company was placed under receivership by a consortium of lenders over a reported $1 billion debt.
A federal high court sitting in Lagos had on October 22, 2025 issued an order of Mareva authorising First Trustees and its subsidiary, FBNQuest Merchant Bank, to take over the company’s assets.
Justice D. I. Dipeolu issued the injunction against Nestoil Limited and its affiliate, Neconde Energy Limited, as well as Ernest Azudialu-Obiejesi and Nnenna Obiejesi, the principal promoters.
The Department of State Services (DSS) says it will appeal the life imprisonment sentence of…
The Wireless Application Service Providers Association of Nigeria (WASPAN) has approached the Court of Appeal…
As international travel continues to gain momentum among Nigerian travellers, industry professionals are warning…
The Federal High Court in Abuja on Thursday sentenced three men accused of complicity in…
Governor Dauda Lawal of Zamfara State has signed a series of Executive Orders establishing a…
Zenith Bank Plc has been named “Africa’s Best Bank” and “Nigeria’s Best Bank” at the…