Green’s Dictionary of Slang

nig v.4

[abbr. nigger n.1 (1); racist stereotyping; but also semi-abbr. of SE renege]

(US) to renege on one’s debts.

[US]Mass. Spy 10 June n.p.: If you hadn’t a nig’d [...] you might have had better luck [DA].
[US]Harper’s Mag. Mar. 568/2: If you have got any trumps you had better play them and not undertake to nig any more! [DA].
[US]Howsley Argot: Dict. of Und. Sl.
[US]Monteleone Criminal Sl. (rev. edn).