The West African giant was sentenced on 16 August by the Business and Property Courts of the United Kingdom to pay 9 billion dollars (8.1 billion euros), or 20% of its foreign exchange reserves , to Process and Industrial Developments Ltd (P & ID), a company based in the tax haven of the British Virgin…...
Trending
- Senegal: CDMP SA and FONAMIF mobilize 2 billion FCFA to refinance microfinance institutions
- Payment of the 2025 dividend of the African Rubber Plantation Company set for August 28, 2026
- Burkina Faso raises 49.5 billion CFA francs on the UEMOA financial market
- Morocco: How Akditalest became the coveted giant of private healthcare?
- Has a new path for water financing in Africa opened in N’Djamena?
- Diaspora: In Ghana, a Pan-African Youth Parliament to Influence Democracy
- GIM-UEMOA: Ahmed Al Moustapha Cissé appointed interim CEO
- Gabon: SAMB’A Assurances launches micro-insurance dedicated to agricultural operators
Nigeria condemned to pay 20% of foreign exchange reserves to P & ID
By Adama WADE
Nigerian President Muhamadu Buhari is facing one of the most expensive trials in his country's history.
Adama WADE
Publishing Director of Kapital Afrik. In the African economic press for 17 years, Adama Wade had to work in Morocco in several editors. Captain at the Long Course of the Merchant Navy and holder of a Masters in Organizational Communication, Adama Wade has published an essay, "The Myth of Tarzan", which describes the geopolitical complex of Africa.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com