Nigeria

FG places $200m bank guarantee with UK court in P&ID row

Nigeria has given a bank guarantee of $200 million to the United Kingdom Commercial Court hearing its dispute with a…

FG deducts N35.51bn from states’ allocations as bail-out

The federal government deducted the sum of N35.51bn from allocation made to the states for external debt servicing, contractual obligations…

UK court grants Nigeria’s plea in bid to overturn $9.6bn P&ID award

The United Kingdom Commercial Court on Thursday granted an application by Nigeria pleading to vary the condition of the stay…

NNPC, Chinese to begin $2.8bn Abuja-Kano pipeline project

The Nigerian National Petroleum Corporation (NNPC), China Petroleum Pipeline Engineering Company Limited (CPPECL) and Brantex Consortium, would soon begin work…

Again, IMF warns Nigeria against rising debts

Amine Mati, the IMF senior resident representative and mission chief for Nigeria, has said that Nigeria’s debt to gross domestic…