Daily Archives: April 13, 2018

Oando shares soar after Nigeria bourse lifts suspension

Shares in Nigerian oil company Oando surged 10 percent on resuming trade in Lagos on Thursday after the regulator lifted a suspension.   Oando shares jumped to 6.60 naira immediately after the stock market opened after closing at 6.30 naira on Wednesday.     The shares traded only briefly on Wednesday after being suspended for […]

Malabu scandal: Court papers expose Nigerian officials who authorised controversial payments

  Court documents filed by U.S. banking giant, JP Morgan Chase Bank, have revealed the Nigerian officials who authorised payments of $875 million to accounts linked to a former Nigerian oil minister in the fraudulent Malabu deal, Dan Etete. The details are contained in a fresh claim filed by the bank to counter the massive […]