Nigeria’s EFCC recovers $60 million from Ernest Azudialu-Obiejesi’s Nestoil

Nigeria’s EFCC has recovered $60 million from Ernest Azudialu-Obiejesi’s Nestoil to settle a portion of its multibillion-dollar debt with commercial banks.

Omokolade Ajayi August 17, 2026

Business Hot News

Johann Rupert-backed poultry firm, RCL Foods, expects earnings to fall as sugar, pet food weigh

RCL Foods expects earnings to fall up to 35 percent as sugar imports, pet food disruptions and impairments pressure results.

Omokolade Ajayi August 17, 2026

Technology Business

Airtel and Starlink launch Africa’s first satellite-to-phone service in DRC

Airtel and Starlink bring satellite-to-phone connectivity to the DRC, extending mobile coverage beyond traditional telecom towers.

Timilehin Adejumobi August 17, 2026

Business Luxury

South Africa’s Nonesi mall gets $4.68 million upgrade in Eastern Cape

Nonesi Mall in South Africa’s Eastern Cape is getting a R76.1 million upgrade, adding retail space, new tenants and 356 jobs.

Oluwatosin Alao August 17, 2026

Business Hot News

Zimbabwean investor Richard Ngwenya’s property business targeted in $1.2 million VFD dispute

VFD Group seeks to freeze five properties linked to Richard Ngwenya over an alleged R20 million ($1.23 million) investment dispute involving A2Pay Holdings.

Feyisayo Ajayi August 17, 2026

Tag: Nestoil

Nigeria’s EFCC recovers $60 million from Ernest Azudialu-Obiejesi’s Nestoil

Nigeria’s EFCC recovers $60 million from Ernest Azudialu-Obiejesi’s Nestoil

Johann Rupert-backed poultry firm, RCL Foods, expects earnings to fall as sugar, pet food weigh

Airtel and Starlink launch Africa’s first satellite-to-phone service in DRC

South Africa’s Nonesi mall gets $4.68 million upgrade in Eastern Cape

Zimbabwean investor Richard Ngwenya’s property business targeted in $1.2 million VFD dispute

Nigeria’s EFCC recovers $60 million from Ernest Azudialu-Obiejesi’s Nestoil

Johann Rupert-backed poultry firm, RCL Foods, expects earnings to fall as sugar, pet food weigh

Airtel and Starlink launch Africa’s first satellite-to-phone service in DRC

Nigeria’s EFCC recovers $60 million from Ernest Azudialu-Obiejesi’s Nestoil

Johann Rupert-backed poultry firm, RCL Foods, expects earnings to fall as sugar, pet food weigh

Airtel and Starlink launch Africa’s first satellite-to-phone service in DRC

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