* 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 […]
Tag: Reuters
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 […]
Government mortgage fraud lawsuit against BofA headed to trial
A U.S. government lawsuit accusing Bank of America Corp (BAC.N) of fraud in the sale of billions of dollars of toxic mortgage loans to Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) is on track to go to trial next month after a judge rejected the bank’s bid to dismiss the […]
