The Asset Management Corporation of Nigeria (AMCON) has withdrawn from the premises of Capital Oil and Gas Limited.
Mr Chike-Obi added that AMCON will allow Capital Oil resume operations to allow for more fuel supply ahead of the Christmas and New Year holidays.
Capital Oil and AMCON have been embroiled in a legal battle over unpaid debt to AMCON which the corporation says is worth N65 billion.
Recently, a high court in Abuja ordered AMCON to vacate the premises of Capital Oil, but the order was immediately appealed by the AMCON and it maintained its presence at the oil firm’s premises.
Governments across levels have rolled out palliative measures including the distribution of food items to…
One of Africa's longest bridges has been under repairs for weeks, causing gridlock to motorists…
Umahi believes the TInubu-led government is on the right path to restoring the country's dignity.
South Africa’s delegation, including 24 players, will land in Abuja on Monday evening.
The reigning champions will host the Nigerian side in the return leg on Sunday next…
A veto by Austria however means the new status will not apply to land routes…
