Nigeria

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In a move that revives the 25-year strategic railway development plan, the federal government announced it would acquire 60 new locomotives, while pursuing the rehabilitation of the old ones before the end of this year.
Nigeria debating a hydrocarbons industry reform package that, if approved, will create an autonomous, profit-driven state oil company able to seek funding directly on the capital markets instead of using government revenue.
Despite tightening credit conditions and falling oil prices, recent consolidation in the industry has left Nigerian banks in good stead to weather the storm.
A new agreement signed between Dubai and Nigeria is set to dramatically boost investment in the African oil giant's energy infrastructure, helping to improve upstream output and limit production drops.
After a series of delays and revised drafts, the Nigerian government finally released its 2009 budget earlier this month, in which it outlined plans to move forward with diversification and increase spending on a raft of new capital projects.

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