DUBAI / WAM The Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai ...
Read More »Shell, Nigeria’s Aiteo locked in legal battle over loan default
Bloomberg Royal Dutch Shell Plc and seven banks accused one of Nigeria’s largest oil producers of defaulting on loan repayments that stand at more than $900 million and are locked in a court battle to reclaim the money, legal documents show. The previously unreported impasse stems from a deal that Aiteo Eastern E&P Co. did six years ago to purchase ...
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