Nigeria, Others Get AfDB’s $40m Infrastructure Lifeline   A new lifeline for infrastructure funding has been lined up for Nigeria and the rest of the continent’s economies, under the Africa Infrastructure Investment Fund (AIIF), with $40m ready for disbursements. An initiative approved by the African Development Bank...

N5.5trn Spent On Infrastructure In 4years - Oyinloye The Managing Director/Chief Executive of The Infrastructure Bank, Mr. Adekunle Oyinloye, has put the amount spent on infrastructure in the country between 2014 and 2017 at N5.5 trillon ($11.5 billion). Oyinloye, made the disclosure in Lagos at the...

Islamic Banking: FG Issues Another N100bn Sukuk For Road Construction, Infrastructure   The Federal Government has announced approval for the issuance of another tranche of N100 billion Sukuk bond for the construction of roads in Nigeria. This was disclosed at a Two-Day Training on Sukuk Structurisation and...

Investments In Logistics, Port Infrastructure Will Boost Africa’s GDP - Expert The rapid expansion of regional and international trade underscores the need for significant investments in port and logistics infrastructure as gateways for African exports, Chief Executive of Maritime and Port Authority of Singapore, Mr....

Infrastructure : FG, Japan Sign MoU On Investment   The federal government and its Japanese counterpart have signed a Memorandum of Understanding (MoU) to promote quality infrastructure investment between both countries. The Minister of Transportation, Chibuike Rotimi Amaechi signed the MoU on behalf of government with Japan’s...

China Devt Bank, Afreximbank To Support Africa’s Trade Infrastructure With $500m The China Development Bank (CDB) has signed an agreement with the African Export-Import Bank (Afreximbank) to provide a $500 million facility to the latter. The facility is expected to enable the African trade finance bank...