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Nigeria’s Debt Cost Exceeds Revenue as Oil Sales Slump

by Amruth Sundarkumar | Jul 25, 2022 | Sovereign Bonds, Sovereigns

Nigeria’s oil revenues of 1.63bn Naira ($3.8bn) since the start of the year to April are 61% below budget forecasts for the period and lower than the 1.94tn Naira ($4.6bn) needed to service its outstanding debt. Despite oil prices soaring globally, the African...

Nigeria Claiming $1.17bn from JP Morgan in Oilfield Deal Lawsuit

by Amruth Sundarkumar | Feb 24, 2022 | Banks, Sovereigns

Nigeria is claiming $1.17bn from JP Morgan in a lawsuit that began hearing in a London high court on Wednesday. The lawsuit is related to a 2011 oilfield deal where majors Shell and Eni bought the offshore OPL 245 oilfield. Nigeria alleged that JP Morgan was...

Nigeria’s Debt Cost Exceeds Revenue as Oil Sales Slump

Nigeria Claiming $1.17bn from JP Morgan in Oilfield Deal Lawsuit

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15 November 2022 (Tuesday) | 9am-5pm

Nigeria’s Debt Cost Exceeds Revenue as Oil Sales Slump

Nigeria Claiming $1.17bn from JP Morgan in Oilfield Deal Lawsuit

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