The failure of three banks to declare dividends for shareholders in their 2025 full-year financials has been blamed on bad loans, with Nestoil Limited, an indigenous oil giant, accounting for …
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Receiver repossesses Nestoil offices as appeal court restores order
by Reporterby ReporterThe corporate offices of Nestoil Limited in Victoria Island, Lagos, have been repossessed by the receiver following a “restorative injunction” by a court of appeal. The company had …
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Ernest Azudialu-Obiejesi in trouble as banks seize Nestoil over $1bn debt
by Reporterby ReporterErnest Azudialu-Obiejesi, Nigerian oil magnate, is currently facing hard times as a consortium of Nigerian banks has seized his Nestoil Towers, over an alleged estimated $1 billion debt. …
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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 …