Explainer - Nigeria fights back, but threat of £7.30 billion penalty looms
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LAGOS (Reuters) - A British judge has given the Nigerian government permission to seek to overturn a ruling that would enable Process and Industrial Developments Ltd (P&ID) to try to seize some $9 billion (£7.30 billion) in assets over a failed deal.The British Virgin Islands-based firm, which was set up solely for a project to build a gas processing plant, initiated arbitration against Nigeria in 2012 after the deal collapsed. P&ID spent $40 million on design and feasibility but didn't..