The Federal High Court in Lagos has ordered petroleum marketer Kehinde Ogbor and his firm, Danium Energy Services Limited, to pay Union Bank Plc the sum of N20.7 billion after …
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Loan Default
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AgricultureBanking, Finance & InvestmentBusinessEconomyFinance & ServicesNigeria
AFEX, GTBank End N17.8 Billion Debt Battle in Court
AFEX Commodities Exchange Limited and Guaranty Trust Bank (GTBank) have finally settled their long-running legal battle over a debt of N17.8 billion. The two parties reached an agreement after months …
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Banking, Finance & InvestmentBusinessBusiness and EconomyNigeriaWestern Africa
Keystone Bank Takes Over Bacita Sugar Company Over N25.3 Billion Debt
Keystone Bank has taken full control of Bacita Sugar Company, also known as Josepdam Sugar Company, after the firm failed to repay a debt of N25.3 billion. The financial institution …