uk-export-finance

British Steel deal to boost Nigeria port productivity

UK Export Finance has guaranteed a £746 million fund for the redevelopment of support the refurbishment of the Lagos Port Complex (Apapa Quays) and the TinCan Island Port Complex in Nigeria. The funding will be delivered through UKEF’s Buyer Credit Facility coordinated and arranged by Citibank.   British Steel will supply 120,000 tonnes of steel billets to construction companies Hitech Nigeria and ITB Nigeria for the deal. The £70 million contract is ... [+]

UPDATED: No rise in fuel duty, more export finance

The Chancellor's Autumn statement, published on 5 December, cancelled September 2014's planned increase in fuel duty. It also doubled UK Export Finance's lending to exporters to £50 billion. The fuel duty freeze was welcomed by Europa managing director, Andrew Baxter, who said: “At last, the Government has recognised the need for ... [+]

advert 3