Senate Passes Rice Council Bill   The Senate, on Wednesday, passed a bill seeking to establish National Rice Development Council, expecting it to save Nigeria about $2bn annually from rice importation and improve foreign exchange earnings. The passage followed the consideration and adoption of the report by...

Afreximbank, Firm Sign $2bn Deal For Nigeria’s Floating LNG     UTM Offshore, a Nigerian marine and services group, and the African Export-Import Bank have signed a Memorandum of Understanding to raise $2bn for the development of Nigeria’s first floating liquefied natural gas project. A statement issued in...

$2bn Petrochemical Plant’ll Produce 77 Grades Of Polypropylene – Dangote     Dangote Industries Limited has said its $2bn petrochemical plant in Lagos is designed to produce 77 different high-performance grades of polypropylene in the country. The company said in a statement on Sunday that with a turnover...

Nigeria, Others Lose $2bn Annually To Illegal Sea Activities       The United States (U.S) Consul-General, Claire Pierangelo, has said West Africa loses about 800,000 tons of fish a year, worth almost $2 billion in gross revenue, to illegal activities by both foreign and domestic vessels. Pierangelo stated...

Plant Protection Bill To Generate $2bn – NESG       The Nigerian Economic Summit Group on Thursday said the implementation of the Plant Variety Protection Bill, which was recently signed into law, would help Nigeria to generate over $2bn from seeds export. It applauded the Federal Government for...

'Foreign Investors’ Trapped $2bn Dragging Down External Reserves'       The clearing of foreign portfolio investors’ funds that have been trapped in Nigeria for months on the back of foreign exchange scarcity is putting downward pressure on the country’s external reserves. The International Monetary Fund had in February...