There are indications that Nigeria has commenced the process for a negotiated settlement as government continues to explore ways out of the $9.6 billion (about N3.5trn) judgment debt awarded last month by a UK court in favour of an Irish company - Process and Industrial Developments Limited (P&I
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Onyinye Nwachukwu is the Abuja Bureau Chief of BusinessDay, overseeing coverage across Abuja and Northern Nigeria. With more than two decades of experience in economic and financial journalism, she reports on business, policy, and market trends, linking local developments to the global economy. A fellow of the International Monetary Fund (IMF) and recipient of the P. Vishwanathan Memorial Award for Excellence in Financial Journalism, she is known for her insightful storytelling and interviews with senior policymakers, diplomats, and business leaders. Well traveled and globally minded, Onyinye brings depth and international perspective to her reporting.

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