{"id":29262,"date":"2026-03-19T15:00:17","date_gmt":"2026-03-19T13:00:17","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=29262"},"modified":"2026-03-19T15:00:17","modified_gmt":"2026-03-19T13:00:17","slug":"uk-nigeria-agree-billion-dollar-export-finance-deal-to-refurbish-ports","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/uk-nigeria-agree-billion-dollar-export-finance-deal-to-refurbish-ports\/","title":{"rendered":"UK, Nigeria agree billion-Dollar export finance deal to refurbish ports"},"content":{"rendered":"<p>United Kingdom (UK) and Nigeria announced a 746 million Pound ($990.32 million) export finance deal \u200cthis Thursday to fund the redevelopment of two of Nigeria&#8217;s main trading ports. UK Export Finance will guarantee the investment in \u2060the refurbishment of the Lagos Port Complex and the TinCan Island Port Complex. The loan will be co-ordinated and arranged by Citibank.<\/p>\n<p>&nbsp;<\/p>\n<p>The deal is expected to result in 236 million Pounds ($300 million) \u200cof \u2060supplier contracts for British firms.<\/p>\n<p>&nbsp;<\/p>\n<p>Benefits include a 70 million Pound contract ($89 million) for British Steel, described by the \u2060government as a major boost to Britain&#8217;s steelmaking industry on the day it \u2060announced a new strategy to help the struggling sector.<\/p>\n<p>&nbsp;<\/p>\n<p>Deal comes \u2060during Nigerian President Bola Tinubu&#8217;s state visit to Britain.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":29264,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-29262","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"UK and Nigeria announced a 746 million Pound ($990.32 million) export finance deal \u200cthis Thursday","published_date":"2026-03-19 14:59:46","news_description":"UK and Nigeria announced a 746 million Pound ($990.32 million) export finance deal \u200cthis Thursday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/29262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/29262\/revisions"}],"predecessor-version":[{"id":29265,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/29262\/revisions\/29265"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/29264"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=29262"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=29262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}