Nestoil

Business

Nestoil Pays $60m to Creditor Banks as EFCC-Led Repayment Plan Begins

Ogochukwu Onwaeze, THEWILL -
The EFCC has recovered and transferred $60 million from Nestoil Limited to a consortium of creditor banks as part of an ongoing investigation into the company’s transactions with its lenders. The payment follows a structured repayment plan agreed...
Business

Supreme Court Nullifies Asset Freeze on Nestoil, Neconde in Major Legal Victory

Ogochukwu Onwaeze, THEWILL -
June 1 (THEWILL) — The Supreme Court on Monday overturned a Court of Appeal order that froze the assets of Neconde Energy Limited, Nestoil Limited and two other entities over an alleged $1.1 billion debt dispute involving FBNQuest Merchant...
News

Court Adjourns Joinder Application In Nestoil $1bn Debt Suit to December 11

Felix Ifijeh, THEWILL -
November 26, (THEWILL) — The Federal High Court in Lagos has adjourned the hearing of a joinder application in the ongoing alleged $1 billion debt suit involving FBNQuest Merchant Bank Limited, First Trustees Limited, and Nestoil Limited, alongside its...
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OpinionTHEWILL -

OPINION: Akwa Ibom’s Dubai Ambition: Tinubu’s Visit Puts Eno’s Economic Vision in Focus

Akwa Ibom is setting its sights on becoming Nigeria’s leading tourism and investment destination, with a proposed deep seaport, international aviation operations and expanding infrastructure expected to drive economic growth, attract investors and create jobs.
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