Nov 5, 2014/Bloomberg Swiss prosecutors contacted commodity traders including Gunvor Group Ltd. and Vitol Group as they assist a Nigerian investigation of an alleged multi-billion dollar scam over subsidies for oil-product imports. Gunvor, the fifth-largest independent oil trader, said the firm was notified in June by Switzerland’s attorney general that […]

Press Release Nov 5, 2014/AMCON The Asset Management Corporation of Nigeria (AMCON) has reached an amicable settlement with Chief Patrick Ifeanyi Ubah of Capital Oil and Gas (COG) of all pending legal disputes between the parties. Consequent upon this settlement, Chief Patrick Ifeanyi Ubah will be resuming his role as […]

Nov 3, 2014/Bloomberg Stryker Corp. (SYK) agreed to pay about $1 billion to resolve lawsuits over thousands of hip implants it recalled in 2012 after patients complained of pain, swelling and metal debris from the devices, a federal judge said. Stryker, based in Kalamazoo, Michigan, withdrew its Rejuvenate and ABG […]