Tag: JP Morgan
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Nigeria $1.7bn judgment loss: Ex-AGF says courts vindicated him
Former Minister of Justice and Attorney General to the Federation, AGF, Mohammed Adoke, SAN has said the London Court judgment on OPL 245 has finally vindicated him and his name cleansed. TheNewsGuru.com, (TNG) reports this was contained in a statement the former AGF personally signed on Wednesday.
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How JP Morgan argued to win $1.7 billion case against Nigeria
JP Morgan Chase has won a $1.7 billion London High Court battle against Nigeria over its role in a disputed 2011 oilfield deals involving energy majors Shell and Eni. Nigeria had filed a lawsuit against U.S. bank JP Morgan Chase at a London high court in February, claiming more than $1.7 billion as damages. The…
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Twitter’s board adopts “poison pill” over billionaire’s Elon Musk $43bn (£33bn) offer for purchase of company
The move will prevent anyone from having more than a 15% stake in the company
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Oil prices won’t go higher than $70 in years to come – JP Morgan
Oil prices at $70 may be the top of the range in the price of oil that would be seen over the next few years, chief global strategist at JPMorgan Asset Management, David Kelly told Bloomberg Daybreak: Americas on Monday. “Yes, we’ve got those geopolitical issues, but I don’t know if sanctions would be that…
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Malabu oil deal: FG sues JP Morgan for $875m
The Federal Government has filed a claim against JP Morgan Chase for more than $875 million, accusing it of negligence in transferring funds from a disputed 2011 oilfield deal to a company controlled by the former Minister of Petroleum Resources. However, a spokeswoman for JP Morgan dismissed the accusation on Thursday, saying the firm “considers…