Wednesday, 17 January 2018

Business News

The Central Bank of Nigeria has stated that the nation’s external reserves have hit a new level of $40.4bn.

January 2014 was the last time the foreign reserves hit $40bn, about five months before the crash in global oil prices. The foreign exchange reserves had reached a low of $23.6bn in October 2016.

An Official said the Federal and the Akwa Ibom State governments are set to execute the Ibom Deep Seaport (IDSP) project.

 

It was gathered that the project, is one of the most promising Public- Private Partnership (PPP) infrastructure initiatives in the country because of the unique investment opportunities it will offer international seaport developers and operators.