Oil Industry Content Devt Saves Nigeria $2bn — Wabote     Following the implementation of Nigerian Oil and Gas Industry Content Development (NOGICD) Act in the Engineering Procurement and Construction (EPC) contract for Nigeria LNG Train-7 Project, Nigeria may have saved $2.0 billion. Disclosing this, the Executive Secretary,...

NNPC Rules Out Equity Sale, Reduces Debts In JV With Shell, Chevron, Others To $2bn       The Nigerian National Petroleum Corporation (NNPC) has backpedalled from selling its equity in oil assets because of low oil prices and general poor state of the industry. Group Managing Director, NNPC,...

Airlines To Lose $2bn To COVID-19 - IATA     The International Air Transport Association has asked African governments to unblock bottlenecks ailing air transport and tourism by providing urgently needed financial relief to bail out affected businesses in the sector. It made this recommendation in a statement...

$2bn Power Project: Fresh Threats, As FG, Siemens Take Conflicting Positions     Barely one year to delivery, the Nigerian Electricity Road Map project under the Presidential Power Initiative (PPI), appears to be facing fresh hurdle that may derail or delay the execution and delivery of additional power...

Uganda To Borrow $2bn To Fund Budget   Uganda said it plans to borrow 6.9 trillion shillings ($1.89 billion) from external lenders in the 2020/2021 (July-June) fiscal year to partly finance its budget, which could come under pressure as veteran leader Yoweri Museveni seeks re-election. A finance...

Korea, Nigeria Trade Now $2bn As 14 Firms Show Interest   Korea’s bilateral trade volume with Nigeria rose to $2billion in 2018, the Korean Ambassador to Nigeria, Lee In-Tae, has said. Ambassador Lee disclosed this in Abuja at the Korea-Nigeria joint partnership infrastructure seminar. “Our trade...