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Export–Import Bank of China

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Federal government secures $500 million EXIM Bank loan for modular refineries

The Federal Government has secured a $500 million loan facility from the Export Import Bank of China (CEXIM), through the Bank of Industry (BoI), to establish modular refineries and implement the Flare Gas Recovery Programme.
6 PRESIDENT BUHARI AT FOCAC OPENING CEREMONY & BUSINESS SUMMIT

President Buhari seeks China’s support on Mambilla power project

The President noted that with the reviewed bilateral cooperation between Nigeria and China, majority of citizens from both countries see improvement in their living conditions.
Abuja Light Rail

Abuja residents laud new light rail service

Some commuters and residents of the Federal Capital Territory have extolled Thursday’s inauguration of the First Phase of the Abuja metro rail line by President Muhammadu Buhari.

Foreign debt servicing hit $197.29 million in Q3 – DMO

A total of $197.29m was spent on servicing Nigeria’s foreign debts in the third quarter of 2017 (Q3 2017), according to the Debt Management Office (DMO).

Track laying of new Lagos-Ibadan rail begins Dec – Amaechi

The contractor handling the new Lagos-Ibadan standard gauge rail, China Civil Engineering Construction Corporation, is expected to commence the laying of the track in December, the Minister of Transportation, Mr. Rotimi Amaechi, has said.

Nigeria seeks to diversify from oil with $41bn of rail

Nigeria has started a $41bn railway expansion to reduce dependence on oil and diversify its struggling economy by improving transport links to allow the movement of goods around the country and to ports.

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Federal government to auction N70 billion bonds

The Debt Management Office says the Federal Government is to auction by subscription bonds worth N70 billion on December 19.
Dortmund’s players react after the German first division Bundesliga football match Schalke 04 vs Borussia Dortmund on December 8, 2018 in Gelsenkirchen. (Photo by Patrik STOLLARZ - AFP) -

Borussia Dortmund hope to avoid Jurgen Klopp’s Liverpool in last 16

Borussia Dortmund is hoping to avoid ex-coach Jurgen Klopp and Liverpool when the last 16 of the Champions League is drawn on Monday.
Gina Haspel

CIA chief Gina Haspel to brief US House leadership on Jamal Khashoggi case

CIA Director Gina Haspel is set to give a classified briefing to leaders of the US House of Representatives on Wednesday on the what the intelligence agency knows about the murder of Saudi writer Jamal Khashoggi.

Bayelsa government declares balance surplus of N18.564 billion for October

Gboribiogha Jonah, the Bayelsa State Deputy Governor, has disclosed that the state government recorded a balance surplus of N18.564billion as at October 31, 2018.

LASPOTECH shuns ASUP strike

The academic staff of the Lagos State Polytechnic, Ikorodu, have defiled the ongoing nationwide strike declared by the Academic Staff Union of Polytechnic on Wednesday.