A report by Economic Confidential, a subsidiary of PR Nigeria, has declared seven states, including Lagos, Ogun, Rivers, Kaduna, Kwara, Oyo and Edo as the most viable states in Nigeria for 2022. The Assistant Editor of Economic Confidential, Zekeri Idakwo, disclosed this at a press briefing and presentation of the 2022 Annual States Viability Index…
FTI Group, Europe’s third-largest travel provider, declared bankruptcy today following unsuccessful negotiations with the federal government, impacting 11,000 employees and tens of thousands of travelers currently on holiday or with future bookings. Employees were informed of the bankruptcy during a morning video conference, though booking systems had already failed, ostensibly due to technical issues. The…
A $21m hearing healthcare company has gone bust, blaming a fallout with a key supplier for its woes. ASX-listed Nuheara Limited, which specialises in a wireless earbud that allows customers to augment their hearing, announced its move into voluntary administration late on Wednesday afternoon, appointing KPMG administrators to take control of the firm. “The decision…
Government guarantees Rex Airlines bookings amid voluntary administration e11545c3e87dd15de1e4f0171f0e111e … Read the original article here
Valhalla Brewing and parent company Lotus Beer Co are set to be liquidated following a second meeting of creditors yesterday. In mid-July, the Geelong-based beer business entered voluntary administration and its subsequent collapse puts a spotlight on a number of issues within the craft beer industry, including equity crowdfunding, beer distribution, and the tight cashflow…
The bankruptcy court in Kolkata has approved the Simplex Projects revival plan submitted by its promoter Sudarsshhan Das Mundhra. Before the National Company Law Tribunal (NCLT) nod, the company’s lenders approved the plan with 99.51% voting in favour of Mundhra’s resolution plan. The plan involves a proposal to pay Rs 235.28 crore against the total…
In 2023/24, the additional benefit income generated for residents increased by 35.1%, with just under £48million secured through claims and appeals. The team dealt with around 1180 people per month, with residents contacting them directly through the dedicated telephone number or email. Other referrals came from councillors, MSP’s/MP’s, NHS Lanarkshire and council services such as…
Advice NI warning as latest scams are more sophisticated with criminals now using AI Belfast News Letter Read the original article here
Byju Raveendran, Founder of the cash-strapped edtech firm BYJU’S, in an email, told employees that their July salaries would be paid once he regains control of the company amid growing concerns of insolvency. “Your salary for July 2024 has not been credited yet…The apex court has issued a temporary stay on the NCLAT’s decision, which…
Hilco Capital takes over CommBank’s debt in EziBuy liquidation BusinessDesk Read the original article here