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January 19, 2021
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The Debt Management Office (DMO) has released the details of the status of loans Nigeria obtained from the Export-Import (EXIM) Bank of China as at March 31, 2020. The projects listed in the document released by DMO are the Nigerian National Public Security Communication system Project, the Nigerian Railway Modernization Project (Idu- Kaduna section) and […]Continue Reading
Business News
The Director General of the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN Dr Dikko Umaru Radda says   the Agency has once again extended the Moratorium  it granted to the One Local Government One Product, [OLOP] beneficiaries from three months to one year. A statement from the Corporate Affairs Unit of the Agency  quoted the Continue Reading
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In a conversation with IMF Country Focus, the IMF’s mission chief for Nigeria, Amine Mati, described the economic situation confronting Nigeria, and how the country will use the money negotiated with the IMF. What has been the impact of COVID-19 on Nigeria? The COVID-19 pandemic is severely impacting economic activity in Nigeria. The country’s main export […]Continue Reading
Business Commentary Top Stories
The new São Tomé deepwater port was to be the signature project of the reestablishment of relations between China and São Tomé and Príncipe.  But the country’s debt level currently advises against the large-scale state-to-state financing initially forecast. After two years of negotiations, the project’s cost appears to have dropped, from an initial US$800 million to Continue Reading