The Nigerian Ports Authority has secured a $700 million loan from Citibank and funded the United Kingdom Export Finance to rehabilitate the Apapa and Tincan Island Ports in Lagos.
The Managing Director of the NPA, Mohammed Bello-Koko, disclosed this in a statement on Wednesday, noting that the loan mandate letter would be sent to the Debt Management Office for final review and approval.… Read the rest
The Trade Union Congress of Nigeria (TUC) has said the current scarcity of fuel which has thrown Nigerians into another agonising experiences with long queues at fuel stations, would have been a thing of the past if the Federal Government had honoured its promise to kick start full operations at the Port Harcourt refinery.
President of the Congress, Comrade Festus Osifo, who briefed newsmen yesterday in Abuja at the end of the union’s National Executive Council (NEC) meeting in Abuja, said the contractors at the Port Harcourt refinery and the Nigerian National Petroleum Company (NNPC) Ltd, had given assurances earlier in the year during an inspection to the refinery, that it would be running optimally by the first week of April 2024.… Read the rest