Nov 6, 2014/Reuters Suspected Boko Haram Islamist militants raided a cement factory owned by Lafarge subsidiary Ashaka Cement and seized dynamite from a quarry, witnesses and a security source said on Thursday. Lafarge Africa said the plant “was the target of an intrusion by people who were strangers to the […]

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 […]