A consortium of Nigerian banks has placed Nestoil Limited, one of the country’s leading oil and gas service firms, under receivership following a debt dispute estimated at $1 billion. The takeover followed a Federal High Court order obtained on October 22, 2025, in Lagos. Justice D. I. Dipeolu granted a Mareva injunction, an asset-freeze order, […]
The post Just In: Banks Take Over Nestoil Over $1 Billion Debt appeared first on Naija News.
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