A British court has granted the Nigerian government more time to appeal against the $9.6bn arbitral award delivered in favour of a British Virgin Island company, Process and Industrial Development ( P&ID).
The London arbitration panel had in January 2017 issued the award against Nigeria for a breach of a 2010 gas supply contract it entered into with P&ID.
Nigeria had applied to the court for an extension of the time to appeal against the award having earlier missed the initial 28 days deadline. According to Reuters, the ruling was delivered by the British court on Friday.
Read more details at Reuters.
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