economy + july

Government to Concession Onitsha Port this Year

The Federal Government, yesterday, promised to complete the process of concessioning the Onitsha Port in Anambra State before the end of the year. Speaking at the 2017 International Conference and Exhibition organised by the National Inland Waterways Authority ( NIWA),...
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Senate Approves $1.806 Billion Loan for Rail Projects

The Senate yesterday approved part of the 2016-2018 External Borrowing Plan pertaining to the Lagos, Kano railway modernisation project (Lagos-Ibadan segment double track). The upper chamber also endorsed the World Bank-supported reconstruction and rehabilitation of the Northeast at $1.806 billion....
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CBN to Resuscitate Moribund Industries in Kano State

Pursuant to Federal Government’s economic diversification policy, the Central Bank of Nigeria (CBN) has hinted of plans to investment over ₦382billion to resuscitate moribund industries in Kano. When fully actualized, the CBN intervention would not only bring back to life...
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Benue, Golden Shalke sign MoU on Free Trade Zone

Benue State Government has signed a memorandum of Understanding (MoU) with Golden Shalke Limited, to build and manage a Free Trade Zone (FTZ), to drive the state economy. Speaking shortly before signing the MoU on behalf of the Government, the...
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Agric Leads Non-oil Export Proceeds in First Quarter

Efforts by the federal government to diversify the economy and generate foreign exchange from other sources might have started yielding the needed results as the trade statistics report by the National Bureau of Statistics (NBS), revealed that the exportation of...
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