The Nigerian Ports Authority (NPA) has negotiated a loan of $700million from the Citibank to be funded by the UK Export Finance (UKEF) an export credit agency, to rehabilitate the Apapa and Tin-Can Island ports, Lagos. The Ports Authority has also opened a discussion with another funding agency to secure financing for upgrading of the Eastern Ports including Calabar, Warri, Onne and Rivers Ports as well as the reconstruction of Escravos breakwater. Speaking in Lagos on Wednesday during the signing of mandate letter with Citibank Nigeria, managing director of the…
Read MoreNPA Secures $700m Facility From Citibank To Rehabilitate Apapa, Tin-Can Ports
