FG signs $463m agreement for distribution lines upgrade with Chinese consortium
To enhance the availability of electricity to homes and businesses nationwide, the Federal Government through the Ministry of Power, has signed a $463 million distribution lines upgrade contract with a Chinese consortium. The contract to be financed by the China Eximbank has both off-shore and significant on-shore content. In a statement by Bolaji Tunji, Special Adviser for […]
FG Moves to Securitise NLNG Dividends for $7bn Cash
As part of efforts to boost foreign currency liquidity in the economy and strengthen foreign exchange (FX), the federal government has concluded plan to securitise about $7 billion of the country’s dividends from the Nigerian Liquefied Natural Gas (NLNG). A top official in the present administration who disclosed this to THISDAY yesterday, said while the […]