Nestoil
Tracked across 4 events · 25 articles · First seen Apr 10, 2026 · Last active Aug 17, 2026
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Business
Impact: Nestoil successfully closed a CAD 302 million Series E financing round, valuing the company at CAD 1.47 billion, which will accelerate its technology and AI development and expansion into broader financial services.
Jun 10, 2026 · 6 articles
Regulatory
The Nigeria — Economic and Financial Crimes Commission (EFCC) recovered $60 million from Nestoil and transferred the funds to a consortium of creditor banks as part of an ongoing investigation into alleged criminal aspects of…
Impact: Nestoil is the debtor making the $60 million payment, which is only a fraction of its alleged $1 billion-plus debt. The company faces ongoing investigation and legal proceedings, though it achieved a legal victory when the Supreme Court set aside asset freezes.
Aug 17, 2026 · 6 articles
Domestic
Impact: Nestoil regained the right to appoint its own legal counsel, Muiz Banire, in a $2 billion debt dispute, strengthening its position in challenging the receivership.
Apr 10, 2026 · 6 articles
Domestic
Impact: The Supreme Court's ruling restores full control of assets and operations to Nestoil>>>, overturning a previous freeze and allowing the company to continue its business without the receiver-manager.
Jun 01, 2026 · 7 articles
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Nigeria — Economic and Financial Crimes Commission recovered NestoilEFCC recovers $60m from Nestoil
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FBNQuest Merchant Bank led consortium NestoilEFCC recovers $60m from Nestoil
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FBN Trustees Limited acted for consortium NestoilEFCC recovers $60m from Nestoil
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