Amec Foster Wheeler cash to build Nigerian roads in compensation deal
The UK has reached an agreement to hand over £210,610 to Nigeria, based on penalties paid by Amex Foster Wheeler (AFW).
Abubakar Malami
Nigeria accused of ‘opaque deal’ with litigators on Eni-Shell lawsuit
Eni SpA is seeking documents from a US investment firm helping Nigeria sue it and Royal Dutch Shell Plc for more than $1 billion over an energy deal at the center of a criminal corruption trial.
Nigeria, P&ID clash in London court
Lawyers representing Nigeria and Process and Industrial Developments (P&ID) have put forward their cases as to whether an extension should be granted in the long-running legal saga over a Cross Rivers gas plant.
Nigeria allowed access to hedge fund papers in $9.8 billion suit
A US court granted Nigeria permission to request documents from VR Capital Group, the part owner of a company that received a $9.8 billion arbitration award the government is trying to overturn.
Nigeria’s royalty move to choke off supply, group warns
A new bill increasing taxation on Nigeria’s oil industry would drive a decline in deepwater production of around 20% by 2023, industry group Oil Producer Trade Section (OPTS) has said.