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ABUJA (Reuters) – A British court awarded Nigeria more time to appeal a $10 billion (7.52 billion pounds) arbitration case with the company Process & Industrial Developments (P&ID).
P&ID won a $6.6 billion arbitration award after a 2010 deal to carry out a gas project in Nigeria collapsed. The award has been accruing interest since 2013 and is now worth nearly $10 billion.
Reporting by Libby George; Writing by Paul Carsten; Editing by Toby Chopra
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