Author: InvestAdvocate

Ex-JPMorgan exec Drew declines to be harpooned by “whale” losses

Ina Drew, the former JPMorgan Chase & Co (JPM.N) executive who earned millions while in charge of the unit that made the disastrous “London whale” trades, on Friday refused to accept responsibility for the $6.2 billion in losses revealed last year. Testifying before a Senate panel, the former chief investment […]

Nigeria revenues take hit from oil theft, delays

Nigeria received gross revenues of 571.7 billion naira in February, lower than the previous month’s revenues of 651.3 billion naira, owing to delayed oil revenues and lower production caused by pipeline vandalism, the accountant general said on Thursday. Accountant General Jonah Otunla said the fall was partly owing to delays […]