Daily Archives: April 12, 2018

JP Morgan Chase Tells British Court How Jonathan’s Administration Paid $874m To Etete

  lobal banking giant, JP Morgan Chase (JPMC), has told the Business and Property Courts of England and Wales how the Nigerian government under former President Goodluck Jonathan authorized the payment of $875 million to Mr. Dan Etete, former Petroleum Minister, in respect of the disputed oilfield, OPL 245. The bank made the claim in […]

Nigerian regulator lifts suspension of shares in oil company Oando

  Trading on Oando shares had been frozen for six months on the Lagos stock exchange. The regulatory agency ordered the suspension to investigate alleged insider trading and the oil company’s shareholding structure. The shares resumed trading at 6.30 naira, after last closing at 5.99 naira six months ago. The stock exchange notified Oando of […]