Edition:
United Kingdom

Libby George

Nigeria lands higher oil output target in OPEC+ cut deal

09 Oct 2019

LAGOS/LONDON OPEC has granted Nigeria a higher oil output target under an OPEC-led deal to limit oil supply in a move unannounced by the group, following efforts by Africa's largest exporter to tweak the agreement to accommodate its expanding oil industry.

Nigeria lands higher oil output target in OPEC+ cut deal

09 Oct 2019

LAGOS/LONDON, Oct 9 OPEC has granted Nigeria a higher oil output target under an OPEC-led deal to limit oil supply in a move unannounced by the group, following efforts by Africa's largest exporter to tweak the agreement to accommodate its expanding oil industry.

UK court allows Nigeria's $875 mln case against JPMorgan to proceed

08 Oct 2019

LAGOS, Oct 8 An $875 million Nigerian government lawsuit against U.S. bank JPMorgan is clear to move forward after a London-based appeals court on Tuesday rejected the bank's bid to have the case dismissed.

Explainer: Nigeria fights back, but threat of $9 billion penalty looms

27 Sep 2019

LAGOS A British judge has given the Nigerian government permission to seek to overturn a ruling that would enable Process and Industrial Developments Ltd (P&ID) to try to seize some $9 billion in assets over a failed deal.

UK judge to allow Nigeria to appeal ruling on £7.8 billion P&ID case

26 Sep 2019

LONDON/LAGOS A British judge on Thursday gave Nigeria permission to seek to overturn a ruling that would have allowed a private firm to try to seize more than $9 billion in assets from the West African country.

UPDATE 2-Nigerian court orders firm that won $9 bln case against government to forfeit assets

19 Sep 2019

* Award stemmed from failed gas project (Adds comments from the attorney general)

Nigerian court orders firm that won $9 billion case against government to forfeit assets

19 Sep 2019

ABUJA/LAGOS A company awarded more than $9 billion in an arbitration case against Nigeria has been ordered by a court in the capital Abuja to forfeit its local assets to the government.

RPT-Nigeria's diesel-dependent economy braces for clean-fuel rules

18 Sep 2019

* Some 70% of Nigerian firms say they use generators - World Bank

Nigeria's diesel-dependent economy braces for clean-fuel rules

17 Sep 2019

* Some 70% of Nigerian firms say they use generators - World Bank

Red Cross to create private investment platforms for humanitarian work

12 Sep 2019

LAGOS The International Committee of the Red Cross (ICRC) wants to connect private investors with potentially money-making projects in areas blighted by conflict, its president said on Thursday.

World News