for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
World News

British court awards Nigeria more time to appeal $10 billion arbitration case

ABUJA (Reuters) - A British court awarded Nigeria more time to appeal a $10 billion (7.52 billion pounds) arbitration case with the company Process & Industrial Developments (P&ID).

P&ID won a $6.6 billion arbitration award after a 2010 deal to carry out a gas project in Nigeria collapsed. The award has been accruing interest since 2013 and is now worth nearly $10 billion.

Reporting by Libby George; Writing by Paul Carsten; Editing by Toby Chopra

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up