$1bn debt: Banks take over Nestoil

Dailytrust | 29-10-2025 05:05pm |

The corporate headquarters of Nestoil Limited, located on Akin Adesola Street, Victoria Island, Lagos, was yesterday sealed by the police after the company was reportedly placed under receivership by a consortium of lenders. The company is said to be indebted to the tune of $1 billion. A Federal High Court in Lagos, on October 22,

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