Big Business

PENGASSAN Calls Off Its Nationwide Strike
Big Business

PENGASSAN Calls Off Its Nationwide Strike

The Petroleum and Natural Gas Workers of Nigeria, PENGASSAN has just confirmed to the News Agency of Nigeria, NAN that it has suspended its strike. According to the statement released to NAN, the National Executive Council Meeting,said it suspended its strike after negotiation talks with the government The Union had conducted negotiations […]

MRS Holdings Denies Owing AMCON
Big Business

MRS Holdings Denies Owing AMCON

The expected winding of MRS Holdings might be a legal battle that will drag for a long time as the company denies owing AMCON. In a statement released to the press, the company said: “Our attention has been drawn to a recent publication by the Asset Management Corporation of Nigeria […]

AMCON Is Winding Up MRS Holdings
Big Business

AMCON Is Winding Up MRS Holdings

MRS Holdings is been prepped up for winding up by the Asset Management Company of Nigeria. In a suit titled: FHC/L/CP/923/2016 AMCON prayed that the Federal High Court, Lagos Division to allow it force an insolvent MRS into compulsory liquidation. MRS is indebted to AMCON to the tune of NGN81 billion. […]

AMCON And Jimoh Ibrahim Settles Out Of Court
Big Business

AMCON And Jimoh Ibrahim Settles Out Of Court

Respite is gradually coming the way of Jimoh Ibrahim after the court eventually vacated an asset freeze order against his assets. As a result of an ongoing out of court settlement, Justice Abdulazeez Anka vacated the order after Jimoh Ibrahim’s lawyer applied for the same reason. Last month, AMCON had dragged […]