Benedict Peters' Aiteo takes a tumble in bid for Mozambique oil
Nigerian businessman Benedict Peters is struggling to establish himself in oil and mining on the continent. He has just been turned down in Mozambique. [...]
AFC, Ecobank and Shell loan for OML 29, a $2bn thorn in Aiteo's side
The Nigerian billionaire Benedict Peters' Aiteo is being hounded by its creditors wanting payment on a massive loan it took out in 2014 to purchase OML 29. All attempts at an amicable settlement have failed after many lengthy delays, mostly due to the pandemic. [...] (477 words)
Issue dated 08/04/2022
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