U.S.-based Chevron Corp (CVX.N) will receive bids on September 30 from prospective buyers of three oil blocks in the Niger Delta, with several local Nigerian firms in the running, industry sources told Reuters on Tuesday. Oil industry sources estimate the mean value of the three blocks combined at $500 million […]
Author: InvestAdvocate
President Jonathan Rings Closing Bell at NYSE
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-His Excellency, Goodluck Ebele Jonathan, GCFR President, Federal Republic of Nigeria, Monday rang the closing bell at the New York Stock Exchange (NYSE) in New York City. InvestAdvocate gathered that President Jonathan during his visit met with NYSE Euronext executives. This is coming on the […]
Regulator sues Morgan Stanley, eight others over faulty securities
A U.S. regulator filed lawsuits against Morgan Stanley and eight other banks over the sale of nearly $2.4 billion in mortgage-backed securities to two credit unions that later failed, according to a filing. Morgan Stanley and Morgan Stanley Capital I Inc, Barclays, JPMorgan Chase & Co’s unit Bear Stearns, Credit […]