We Borrowed $2.5bn From China For Lagos-Ibadan Rail - Amaechi     The Minister of Transportation, Rotimi Amaechi, has said the Federal Government borrowed about $2.5 billion for the construction of the Lagos-Ibadan rail line. Amaechi, who stated this in an interview on Channels Television’s Newsnight on Monday...

Dangote Loses $2.5bn In One Month     The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, saw its total net worth drop by $2.5bn in the last 30 days, according to Bloomberg Billionaires Index. The index, which is a ranking of the world’s 500 richest people, showed that...

NNPC, NLNG Sign Deal For $2.5bn Gas Supply   Nigerian National Petroleum Corporation (NNPC) and Nigeria Liquefied Natural Gas (NLNG) have sealed pact for upstream gas development projects to supply gas to NLNG train one to six. Urging shareholders to accelerate the production capacity of the company...

FG Meets W/bank For Another $2.5bn Loan   The Federal Government is currently in talks with the World Bank for a fresh $2.5bn loan. World Bank Vice President for Africa, Hafez Ghanem, disclosed this in an interview in Abuja on Wednesday, Bloomberg reported. Nigeria received $2.4bn from the...

Pipeline Project: NNPC Agrees To $2.5bn Financing With Chinese Lender   The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has disclosed that the corporation has agreed to a $2.5 billion financing with a Chinese lender for pipeline project in Nigeria. Kyari...

Invest $2.5bn In African Entrepreneurs, Elumelu Urges Japan   The Chairman of United Bank for Africa Plc has urged the government of Japan to invest five per cent of its $50bn commitment to Africa in empowering African entrepreneurs. Elumelu spoke at the 7th Tokyo International Conference on...