Nigeria

Nigerian Court Freezes Funds of Bank Tied to LC Dispute

A Nigerian court has instructed the freezing of Nigerian Naira 7.15 billion (USD 5 million) at a bank accused

Nigeria, China Renew Currency Swap Agreement

Lack of Funds, Not Force Majeure Event, Prevent Oil Trader from Paying

Nigeria Reports Drop in LCs for 2Q23

Although letter of credit payments of USD 841.21 million for the first half of 2023 were 12.3% higher

Court Orders Extradition of Alleged Fraudsters in Nigeria

Co-Conspirator of CEO of Nigerian Airline Placed Under House Arrest

New Trial Date for Alleged Co-Conspirator of CEO of Nigerian Airline

Nigeria Issues Advisory on Illegal Financial Operators

Co-Conspirator of Nigerian Airline CEO Indicted for Fraud Involving LCs Awaits Trial

Nigeria and Russia to Deal for Fertiliser Raw Materials

In spite of the ongoing Russia-Ukraine war, Nigeria has re-established its link with Russia for potassium and will take June