The loan is to be funded by the UK Export Finance (UKEF) an export credit agency. NPA has also opened discussions with another funding agency to secure… The Nigerian Ports Authority (NPA) has successfully secured a loan of approximately $700 million from Citibank to facilitate the rehabilitation of the Apapa and Tin-Can Island Ports in…
Dangote Petroleum Refinery has slashed the price of diesel to N1000 per liter, marking a further reduction from its initial price of N1200. This announcement comes just three weeks after the refinery initially rolled out its product at the N1200 rate.
The Central Bank of Nigeria (CBN) has reportedly made significant efforts to address the backlog of foreign exchange (forex) demands, particularly for banks and airlines. Financial institutions have noted the clearance of their pending forex requests, and airlines have also seen progress in resolving their outstanding forex needs. The exact source of funds used to…