Ahmed said this at a “Collaborative Africa Budget Reform Initiative” General Assembly webinar.
As expected, the “mind-boggling” contract awarded for the rehabilitation was greeted with mixed reactions. In some quarters, the debate was on how the Federal Government intends to raise the large sum of money to finance the project, especially at this critical period of the nation’s economy.
Abracadabra is the best word to describe what is going on in Port Harcourt Refinery. The Refinery is situated at Alesa Eleme, which is 19km from Port Harcourt city. I have visited the refinery thrice. Twice I accompanied my two bosses, Alhaji Gidado Idris and Chief Ufot Ekaette, both late Secretaries to the Government of the Federation. My last visit to the refinery was three years ago with a friend, who once worked in the refinery.
The Nigerian National Petroleum Corporation holds 55 per cent equity in the lease.
COPREFA will be accessed by eligible central banks, commercial banks and businesses to finance the import of medical supplies, as well as agricultural equipment and fertilizers essential for addressing the pressing food production deficit.
According to a statement from Afreximbank on Friday, the funds will assist Zenith Bank in its maintenance of foreign currency trade flows impacted by the COVID-19 pandemic.
The funds will assist Zenith Bank to continue to maintain foreign currency trade flows impacted by the COVID-19 pandemic.
The NIDCOM boss said Oramah’s enormous contributions to the growth and development of the bank and the huge successes attained during his first tenure are evident to this gesture of his re-appointment.
Keystone Bank Limited has re-emphasised its commitment to the growth and development of Africa’s creative industry as the lender recently partnered with the African Export-Import Bank and other multilateral agencies to host the maiden edition of the Creative Africa Exchange Weekend in Kigali, Rwanda.
The Secretary to the Government of the Federation, Boss Mustapha, has reiterated that President Muhammadu Buhari-led administration will consolidate on the achievements of its past administration.
Former President, Olusegun Obasanjo, has urged the Federal Government to sign the African Continental Free Trade Area agreement.
The Nigerian Government has urged the Russian Federation to increase its collaboration with Africa to boost trade, investment and improve infrastructure on the continent.
The African Export-Import Bank has shown strong financial and operational performance in 2018 with a total comprehensive income of $285.4 million.
Prof. Benedict Oramah, President of Afreximbank, says the Federal Government acted wisely in broadening consultation as regards the signing of the African Continental Free Trade Area agreement.
Prof. Benedict Oramah, President of the African Export-Import Bank, Cairo, Egypt, will deliver The Bullion Lecture 2019.
The African Export-Import Bank (Afreximbank) has named another Nigerian, Olaleye Babatunde, as director of its Information Technology Department, the third in a week.
The African Export-Import Bank on Friday released its unaudited financial statements for the nine months ended September 30, with a gross income of $546.6 million.
The African Export-Import Bank (Afrexim Bank), says Africa accounts for only 15 per cent of the continent’s one trillion dollars of total trade in the world annually.
Obi Emekekwue, Director and Global Head of Communications and Events Management in the African Export-Import Bank, said this in a statement on Tuesday in Lagos.
The Minister of State, Aviation, Senator Hadi Sirika, has disclosed that the national carrier (Nigeria Air) project was not suspended because of lack of investors.