Gas-fired Buses Expected To Save Nigeria $2.5bn Annually The planned introduction of gas-fired buses is expected to save Nigeria over $2.5bn annually, by reducing the cost of fuel in the transportation and power generation sector by over 30 percent. It is also expected to reduce the...

FG Hasn't Concluded Talks On World Bank PSRP Loan - Fashola The federal government has not concluded its negotiation of a $2.5 billion loan expected from the World Bank in support of the implementation of its Power Sector Recovery Programme (PSRP), the Minister of Power,...

LPG Plants: NNPC To Invest $2.5bn   The Nigerian National Petroleum Corporation has revealed plans to invest $2.5bn in revamping Liquefied Petroleum Gas plants in the country. The Chief Operating Officer, Downstream, NNPC, Henry Ikem-Obih, while speaking at the inauguration of LPG sales in 11 Plc’s stations...

CBN Signs $2.5bn Currency Swap Deal With China ...Pact’ll reduce transaction costs for industrialists   After two years of painstaking negotiations, the Central Bank of Nigeria has finally signed a bilateral currency swap agreement with the People’s Bank of China. The development was confirmed on Thursday in Abuja...

Monetisation On Flare Gas To Save Nigeria $2.5bn Yearly   The Managing Director of Powergas Nigeria, Mr Pulak Sen has stated that gas flare monetisation projects can potentially save Nigeria over $ 2.5 billion per year by reducing fuels costs in transportation and power generation sectors...

On $2.5b Eurobond Issuance, Foreign Reserves Set To Rise Nigeria’s 42.8 billion external reserves will go up, with the successful issuance of the $2.5 billion Eurobond offer, a report said at the weekend. Besides, cumulative transactions in the Investors’ & Exporters’ (I&E) forex window have hit...