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Export–Import Bank of China
The newly-constructed international terminal at the Nnamdi Azikiwe International Airport in Abuja will be inaugurated by President Muhammadu Buhari on Thursday, an official said on Monday in Abuja.
The Federal Airports Authority of Nigeria (FAAN) says the newly completed terminal building at the Nnamdi Azikiwe International Airport, Abuja, will process 15 million passengers annually when it begins operations.
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.
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.
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).
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 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.
Economic and financial experts have said delay in passing the 2019 budget will cause inflation and also affect the country’s Gross Domestic Product (GDP).
The Lagos Chamber of Commerce and Industry (LCCI) has called on President Muhammadu Buhari to sign the Companies and Allied Matters (CAM) bill 2018 in order to boost Micro, Small and Medium Enterprises (MSMEs) growth.
The Minifootball Association of Nigeria (MAN), Oyo State Chapter, has sought the support of Oyo State Government and football enthusiasts to harness the benefits of the game.
Minister of Transport, Rotimi Amaechi, like his arch political rival, Governor Nyesom Wike, has challenged Rivers State people to rise above partisan acrimony and unite in rebuilding Rivers.
The All Progressive Congress (APC), Sokoto State chapter, has appealed to the state government to curtail alleged political victimisation of civil servants in the state.
The National Association of Nigerian Traders (NANTs) has supported 300 Internally Displaced Persons (IDPs) in Kuje and Durumi camps with c to empower them to improve their livelihoods.
President Muhammadu Buhari has extended the appointment of Tanko Muhammad as the acting chief justice of Nigeria by another three months.
Though President Muhammadu Buhari has signed the minimum wage into law, Nigerians may not substantially feel the effect of the wage increase until each sector negotiates how it cascades down the ladder.
Zinedine Zidane said that Real Madrid's directors know who his transfer targets are but was tight-lipped on whether Paris Saint-Germain forward Kylian Mbappe is one of them.
Bayern Munich have opened their first football school in Africa, the German giants announced Wednesday, with the new facility located in Ethiopia’s capital Addis Ababa.