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Export–Import Bank of China

Abuja Airport New Terminal

FAAN: Abuja airport’s new terminal for inauguration December 20

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.
Abuja Airport New Terminal

FAAN: Abuja Airport’s new terminal to process 15 million passengers annually

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.
Olukayode Pitan

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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national assembly abuja

Experts: Delay in passing 2019 budget will cause inflation, affect GDP

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).

Lagos Chamber urges President Buhari to sign CAM bill

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.
Minifootball

Minifootball association seeks support to host tournament in Nigeria

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 Amaechi urges Rivers residents to shun partisan acrimony

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.

Elections: Sokoto government accused of victimising civil servants

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.