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Posts Tagged "railways"

HomePosts Tagged "railways"

ABUJA, April 26 (Reuters) – Nigerian President Muhammadu Buhari is seeking approval from parliament for a proposal to borrow $5.85 billion from China to modernise the country’s rail network. Growth in Nigeria – an OPEC member whose economy, the largest in Africa, has been hammered by low oil prices – has been stunted for decades […]

LAGOS Oct 10 (Reuters) – General Electric (GE) confirmed its a “keen interest” in acquiring a Nigeria railway concession project worth around $2 billion, the U.S. company said on Monday. Nigerian President Muhammadu Buhari said this month that GE would be investing $2.2 billion in a concession to revamp, provide rolling stock, and manage some […]