Transnational Corporation of Nigeria Plc on Tuesday announced the official listing of its rights issue of 12.9 billion ordinary shares on the floor of the Nigerian Stock Exchange. The President/Chief Executive Officer, Transcorp, Mr. Obinna Ufudo, remarked in a statement that the rights issue was 132.08 per cent subscribed. This, […]
Uncategorized
Dangote to borrow $3.3 bln for $9 bln Nigeria refinery
* Refinery will double Nigeria’s overall capacity * Dangote Group to put $3.5 bln of own equity into project (Adds details of refinery, background) Dangote Group said on Tuesday it will borrow $3.3 billion to build a $9 billion oil refinery and petrochemical complex in Nigeria, Africa’s most populous nation […]
U.S. seeking $6 billion from JPMorgan to settle mortgage claims: source
U.S. government housing finance authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over bonds backed by subprime mortgages, according to a person familiar with the matter. The company is arguing that it should pay less to settle the claims by the U.S. Federal […]
