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Name of issuer: Republic of Nigeria
Size of tender: offer to purchase up to $1.7 billion of oil warrants
When issued: March 2007
Lead manager/adviser: Citi |
Technically, the resolution of Nigeria’s London Club debt, advised by Citi, started at the end of 2006, although it was completed in 2007. Events are never entirely straightforward in Nigeria, a country that moves to its own beat and timescale – just ask anyone who has been for a meeting in Lagos.
Moreover, you could argue that concluding a London Club deal was just the final part of a jigsaw that took nearly eight years to complete. According to Greg Makoff, managing director and head...
