Brand Spur Issue 7 | Page 13

News – Headlines

N458bn Lagos-Ibadan new rail project to begin Feb
China Plans Fresh $ 40bn Investments in Nigeria
GE is looking at investing in Nigeria’ s run down refineries
The Federal Government will commence the construction of a standard gauge rail line from Lagos to Ibadan next month, the Managing Director, Nigerian Railway Corporation, Mr. Fidet Okheria, has said
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The Chinese Foreign Affairs Minister, Wang Yi, has disclosed plans by the Chinese government to invest up to $ 40b in Nigeria as part of efforts aimed at deepening relations between the two countries.
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GE might be eyeing more than NIgeria’ s rail sector. In a follow up to the official visit of Jeff Immelt, Group Chairman of GE, the company is also looking at investing in Nigeria’ s dilapidated refineries.
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