nigerian banks

  1. Nigerian Banks Take Over Nestoil in $1 Billion Debt Crisis

    Nigeria Nigerian Banks Take Over Nestoil in $1 Billion Debt Crisis

    The Digest: Nigerian banks have taken control of Nestoil Limited, one of the country’s major energy sector players, after the company and its affiliates defaulted on debts totaling over $1 billion. A Federal High Court in Lagos issued a Mareva injunction, authorizing the seizure of assets and...
    • Nigeria News
    • Article
    • 1 min read
    • debt crisis nestoil nigerian banks
    • Category: Business
  2. Nigerian Banks Resume International Naira Card Transactions After 3-Year Hiatus

    Nigeria Nigerian Banks Resume International Naira Card Transactions After 3-Year Hiatus

    The Digest: An economic revival for international payments is underway. After years of suspension, two Nigerian commercial banks, UBA and Wema Bank, have announced the resumption of international transactions on their naira cards. This significant development comes amidst improved foreign...
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