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Nigeria weighs appeal after losing UK trial against JPMorgan - minister

Reuters
FILE PHOTO: JP Morgan Chase & Co. corporate headquarters in New York

ABUJA (Reuters) - Nigeria is considering whether to appeal after losing a London trial against JPMorgan in which it was seeking $1.7 billion in damages from the U.S. bank over a disputed 2011 oilfield deal, Information Minister Lai Mohammed said on Wednesday.

"Government lawyers are studying the judgment. After that a decision will be taken whether to appeal against it or not," Mohammed said after a cabinet meeting in Abuja.

(Reporting by Felix Onuah; Writing by Chijioke Ohuocha; Editing by Estelle Shirbon)