Makhlouf Begins Governorship / Irish-backed Firm Chasing Nigeria for $9bn

The new governor of the Irish Central Bank, Gabriel Makhlouf, settled into the role this week, telling staff that he will be in listening mode over the coming months. Joe Brennan outlines what he’ll have found waiting in his in-tray on his first day, including a key ECB governing council meeting on September 12th that will consider whether to ease rates or launch a new bond-buying programme – or both – to shore up the euro zone economy.Later: Mark Paul has the story of Irish-backed company, Process & Industrial Development, which has won a $9.6 billion (€8.7 billion) UK court judgment against the Nigerian government. P&ID, an offshore company linked to Dublin-based Industrial Consultants (International), won the huge arbitration award after a 2010 gas deal to build an oil refinery in Calabar fell through.Plus: Peter Hamilton has some of the other big stories this week including exchequer returns, Dalata results and falling wine sales. Hosted on Acast. See acast.com/privacy for more information.

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