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Concerns As Court Orders Takeover Of Nestoil Over $1bn Bank Debt

A receiver-manager has moved to take over Nestoil, a major oil and gas services company, over an outstanding debt valued at approximately $1 billion. The development has raised widespread concerns across the energy sector and financial markets, given Nestoil’s pivotal role in Nigeria’s oil services industry. Oil and gas industry analysts have questioned the persistence […]


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