Dangote refinery’ll Improve Nigeria’s Trade Balance By $2bn Annually – IMF   The International Monetary Fund has said the crude oil refinery being built by Dangote Industries Limited will improve the trade balance by $2bn per year after coming on stream. The Washington-based fund noted that Nigeria,...

Nigeria Yet To Meet $2bn Textile Targets 4yrs After Policy   Four years after the Federal Government approved a national policy on Cotton, Textile and Garment (CTG), Nigeria is yet to meet any of the targets set in the policy. In 2015, government through the Ministry of...

To Fund $2bn Abidjan-Lagos Expressway, ECOWAS Seeks W/Bank's Support   The Economic Community of West African States has requested funding support from the World Bank for the construction of the 1,080km six-lane Abidjan-Lagos Highway. It stated that the $22.72m mobilised by the European Union and African Development...

Oil Block: FG Targets $2bn From Licence Renewal   The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said the Federal Government is targeting about $2bn from the renewal of oil and gas leases. Kachikwu disclosed this on Wednesday while fielding questions from journalists at...

$2 Billion Ibom Deep Seaport To Revitalize Economy The much anticipated $2 billion Ibom Deep Seaport project is closer to actualization, following the opening of the bid process in Lagos recently. Economic Confidential learnt that the three firms shortlisted for the bid process, Bollore & China...

Nigeria Spends $2bn Annually On honey Importation - FG Nigeria spends over $2bn annually on the importation of honey, the Federal Government has said. According to a report put together by officials of the Federal Ministry of Agriculture and Rural Development, Nigerian Export Promotion Council and...