Home Topics China Exim Bank
China Exim Bank
Transportation Minister Rotimi Amaechi said on Monday that the Nigerian government did not mortgage any property to secure infrastructural loans from China.
The Minister of Transportation, Rotimi Amaechi, said on Monday that the Nigerian government did not mortgage any property to secure infrastructural loans from China.
The Federal Government yesterday told the Senate that an additional $461.8 million (N141.31 billion) was required for new terminals across the country.
Rt. Hon. Rotimi Amaechi, the Director General of the All Progressives Congress Presidential Campaign Organisation (APCPCO), has challenged Peter Obi, vice-presidential candidate of the Peoples Democratic Party (PDP) to a public debate.
The Minister of State for Aviation, Senator Hadi Sirika, says the Nigeria Air project is currently at the procurement stage, and awaiting the approval of the Federal Executive Council.
The Buhari Media Organization (BMO) is mocking the opposition Peoples Democratic Party (PDP) for claiming that former President Goodluck Jonathan financed the Port Harcourt airport.
The Buhari Media Organisation has assured that the President Muhammadu Buhari-led administration will not back down on its avowed commitment to complete all ongoing infrastructure projects within the specified time, regardless of what opposition parties say.
You will recall that after opening the major airport terminals in the country in the late 70s and early 80s, not much was added to increase the passenger handling capacity of these facilities by successive administrations.
President Muhammadu Buhari says the recent decision by the Federal Government to remove Value Added Tax (VAT) from domestic air transportation is to make air travel more affordable to citizens.
East African countries are now spending almost eight per cent of their revenues to service $29.42 billion loans borrowed in the past 10 years.
Rotimi Amaechi, minister of transportation, says the federal government is negotiating a $6 billion loan with the Chinese government to complete the Ibadan to Kano rail track.
The Federal Government has read the riot act to China Construction Engineering Civil Company (CCECC) urging them to increase the pace of work on the ongoing Ajaokuta, Itakpe, Warri railway project or risk revocation of the contract.
Former President Olusegun Obasanjo has called on the government of the Peoples Republic of China to earmark at least $10 billion annually to support infrastructure provision in Africa for a period of 10-years.
President Muhammadu Buhari on Wednesday in Abuja stressed the need for political commitment towards reviving the Lake Chad Basin.
The Senate Monday begged the Ministry of Communication to provide funds for its annual conference on cyber space security.
The Minister of Communication, Alhaji Adebayo Shittu, on Wednesday updated President Muhammadu Buhari on the approved procurement of two new satellites from China at the cost of 550million dollars.
Nigeria has agreed a $550-million deal to buy two Chinese communications satellites and hopes to sign the contract before the end of the month, the communication minister said on Wednesday.
12Page 1 of 2
The Nigerian National Petroleum Corporation (NNPC) recorded 77 per cent rise in cases of oil pipeline vandalism in its network of pipeline infrastructure across the country in June 2019.
Nigerian media personality cum vlogger, Toke Makinwa, recently advised her followers on social media to avoid people, who are stingy not only to themselves but also, to others.
Troops military manning a checkpoint in Adamawa State have intercepted six mine resistant vehicles transported into the country illegally.
Determined to completely smoke out remnants of Boko Haram sect terrorising Borno State and its environs, leaders of the Operation LAFIYA DOLE; embarked on a patrol at the wee hours of Sunday.
AC Milan have no interest in selling rumoured Paris Saint-Germain target Gianluigi Donnarumma, according to the Rossoneri's chief football officer.
The police in Sokoto State have confirmed the abduction of Aminu Bodai, a member of the state House of Assembly, by gunmen in Bodai village of Dange/Shuni Local Government Area of the state.
The five-day warning strike embarked upon by non-academic staff unions in the universities, yesterday, crippled activities in most institutions in the country, though the industrial action was yet to take off in some other institutions.
The authorities of Abubakar Tafawa Balewa University (ATBU), Bauchi, said on Tuesday that six movable and non-moveable property belonging to the institution were vandalized by students protesting on Aug. 5.
A tax Appeal Tribunal sitting in Kaduna and with jurisdiction over the North West Zone, comprising the seven states of Kaduna, Kano, Kebbi, Katsina, Zamfara, Sokoto and Jigawa, with Umar Mohammed Adamu as Chairman, has in the last eight months since the commencement of sitting resolved tax disputes amounting to over N10billion.
Nigerian National League side Niger Tornadoes have crashed out of the CAF Confederation Cup (CAFCC) after a 3-3 scored draw with Guinean club Santoba FC in the second leg encounter in Conakry Friday night but bowed out 4-5 on aggregate after losing the first leg 1-2 in Kaduna two weeks earlier.