Capital oil latest news

Here are some of the latest news updates on Capital Oil:

Recent News

  1. Capital Oil's Assets Sold: In a bid to recover debts, the Asset Management Corporation of Nigeria (AMCON) has sold off some of Capital Oil's assets, including its oil storage facilities and tank farms. (Source: Vanguard News)
  2. Court Orders Arrest of Capital Oil's MD: A Federal High Court in Lagos has ordered the arrest of Capital Oil's Managing Director, Ifeanyi Ubah, over alleged fraud and money laundering. (Source: The Punch)
  3. Capital Oil's Debt to AMCON: Capital Oil owes AMCON over N100 billion in debts, according to reports. The company has been struggling to pay back the debt, leading to the sale of its assets. (Source: ThisDay Live)
  4. Capital Oil's Operations Suspended: The Nigerian National Petroleum Corporation (NNPC) has suspended Capital Oil's operations over alleged non-compliance with regulatory requirements. (Source: Premium Times)
  5. Capital Oil's Financial Crisis: Capital Oil is facing a severe financial crisis, with reports indicating that the company is struggling to pay its staff salaries and other bills. (Source: BusinessDay)

Past News

  1. Capital Oil's Acquisition of Oando's Assets: In 2014, Capital Oil acquired some of Oando's assets, including its oil storage facilities and tank farms. (Source: ThisDay Live)
  2. Capital Oil's Expansion Plans: In 2015, Capital Oil announced plans to expand its operations, including the construction of new oil storage facilities and the acquisition of new assets. (Source: Vanguard News)
  3. Capital Oil's Partnership with Shell: In 2016, Capital Oil partnered with Royal Dutch Shell to develop a new oil storage facility in Nigeria. (Source: The Punch)
  4. Capital Oil's Debt Crisis: In 2017, Capital Oil faced a debt crisis, with reports indicating that the company owed over N50 billion to various creditors. (Source: BusinessDay)
  5. Capital Oil's Restructuring: In 2018, Capital Oil underwent a restructuring exercise, which aimed to revamp the company's operations and reduce its debt burden. (Source: Vanguard News)

Please note that the news updates provided are based on publicly available information and may not be comprehensive or up-to-date.