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Export–Import Bank of China
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.
The Debt Management Office says the Federal Government is to auction by subscription bonds worth N70 billion on December 19.
Borussia Dortmund is hoping to avoid ex-coach Jurgen Klopp and Liverpool when the last 16 of the Champions League is drawn on Monday.
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.
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.
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.
Independent National Electoral Commission (INEC) in Sokoto says no fewer than 140,000 permanent voters’ cards are yet to be claimed by the electorate in the state
The Executive Secretary, Petroleum Products Pricing Regulatory Agency, Abdulkadir Saidu, says the Federal Government has no plans to increases the price of Premium Motor Spirit known as petrol.
APC national leader Bola Tinubu congratulates former Economic and Financial Crimes Commission (EFCC) Chairman, Mallam Nuhu Ribadu, for winning the Global Lifetime Award for Anti-corruption
Legislative aides: Bukola Saraki, Yakubu Dogara, Mohammed Sani-Omolori have diverted our N5.8 billion allowances
Legislative aides in the National Assembly have accused President of the Senate, Dr. Abubakar Bukola Saraki; Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara; and Clerk of the National Assembly, Sani Omolori, of diverting allowances of aides and slashing of their salaries.
The Economic and Financial Crimes Commission has detained a former Chairman of Skye Bank Plc (Now Polaris Bank), Mr. Tunde Ayeni, for fraud.