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Posts Tagged "capital expenditure"

HomePosts Tagged "capital expenditure"

By Alexis Akwagyiram ABUJA, March 29 (Reuters) – A consortium led by General Electric submitted the only bid for a Nigerian railway concession project worth around $2 billion for two lines connecting northern cities to others in the south, a procurement process adviser said on Wednesday. Bids had to be submitted by Wednesday. Nigeria has […]

ABUJA, March 26 (Reuters) – Capital released to Nigeria’s ministries and government agencies under the 2016 budget has reached a record 1 trillion naira ($3.3 billion), the finance minister said on Sunday. Development in Africa’s largest economy has been stunted by a lack of much needed investment to improve its ailing road, rail and electricity […]

Ejiofor Alike Capital expenditure (Capex) in the oil and gas industry in sub-Saharan Africa has been cut by $100 billion over the next five years, according to Wood Mackenzie’s latest report on upstream activity in the region. The new report revealed that deepwater has suffered the deepest Capex cuts due to its high breakeven price […]

ABUJA Nov 7 (Reuters) – The value of capital imported into Nigeria in the third quarter fell 34 percent year on year to $1.822 billion, data showed on Monday, as Africa’s biggest economy grapples with its first recession in more than 20 years. With low crude prices causing the OPEC member state’s revenues to plummet, […]

ABUJA, June 8 (Reuters) – Nigeria’s government will next week pump much of the 350 billion naira ($1.76 billion) earmarked for capital projects this quarter into Africa’s biggest economy, the budget minister said on Wednesday. The spending is part of efforts by the OPEC member to stimulate an economy that contracted by 0.4 percent in […]