IOCs Receive $1.5bn Cash Call Debt From NNPC   The Nigerian National Petroleum Corporation says it has reduced cash call arrears owed to international oil companies, its Joint Venture partners, by $1.5bn. The corporation has cash call arrears of $5.1bn. Group Managing Director of NNPC, Dr Maikanti...

$1.5bn Lagos-Ibadan Fast Rail: FEC Gets Cost Overrun Request From Amaechi   As construction work on the 156km Lagos-Ibadan standard gauge rail progresses, Minister of Transportation Rotimi Amaechi is expected to present a request to the Federal Executive Council (FEC) for cost overrun, Daily Trust can...

FG Obtains $1.5bn Fund For Power Transmission The Transmission Company of Nigeria (TCN) said it has obtained $1.55 billion from multilateral agencies to revive some critical projects and expand the transmission grid. Interim Managing Director of TCN, Mr. Usman Gur Mohammed, disclosed this at the 18th...

Infrastructure, Afreximbank Targets $1.5bn Financing For Trade The African Export-Import Bank (Afreximbank) will attract $1.5 billion to Mauritania to finance development of trade and related infrastructure under the terms of a memorandum of understanding signed with the country recently, the Bank’s President, Benedict Oramah has...