Ebuka Daniel Nigerian railways recorded a decline of 222,595 passengers in the first quarter of 2021 alone compared to the same quarter in 2020. Rail way passengers dropped to 424,460 in the first quarter as against the 647,055 passenger recorded in the same period of 2020. The National Bureau of …
Read More »Why We Are Building Railway To Niger–Buhari
President Muhammadu Buhari on Thursday explained that he has approved rail lines linking Nigeria to Niger because he has ‘first cousins’ in the North African country. Despite public outcry, the Federal Government in January awarded the controversial rail project linking Nigeria to Niger Republic to a Portuguese construction firm, Mota-Engil …
Read More »FG Receives 75 Bids For Road Concession
Oluwasina Phillip A total of 75 firms have submitted bids to serve as concessionaires for 12 federal roads that are mapped out for concession by the Federal Government. Bid documents submitted by the companies as well as the names of the firms were officially announced on Tuesday at the headquarters …
Read More »Poor Synergy Among Govt Agencies Responsible For Corruption At Ports–Shippers Council
Oluwasina Phillip The Nigerian Shippers’ Council has attributed the high corrupt practices at the port to lack of synergy among government agencies. The Executive Secretary of Nigerian Shippers’ Council, Hassan Bello, said this at a press briefing in Abuja. Bello said that apart from the issue of obsolete equipment which …
Read More »CBN Disbursement Of Fund Not Skewed To Favour North—Emefiele
Ebuka Daniel The Governor of the Central Bank of Nigeria Mr Godwin Emefiele on Tuesday defended the apex bank’s agriculture intervention programme. He stated that it was untrue that the bank had been partial in the disbursement of funds. He also said that Companies operating in Southern Nigeria have received …
Read More »Customs Confiscates Items With Duty Paid Value Of N1.76bn
Oluwasina Phillip The Comptroller of the Apapa Command of the Nigeria Customs Service, Mallanta Yusuf, has said the command generated N65.46bn in April.He said the revenue collected by the command in April rose by N25.59bn when compared to the collection of the same month in 2020. “This unprecedented record has …
Read More »Only 2.9 million vehicles registered by insurance firms –NIA
Ololade Omosan-Agie Out of the estimated 13 million vehicles in Nigeria, only about 2.9 million were registered as of April 26, the Nigerian Insurers Association has said. The Chairman, NIA, Mr Ganiyu Musa, disclosed this while speaking on the Nigerian Insurance Industry Database/Nigerian Insurance Industry Portal. He said the database …
Read More »Ban On Emirates Airline To Be Lifted In 48 Hours
Ololode Omosan-Agie The Federal Government will announce the date for the resumption of Emirates Airline in the next 48 hours, the Director-General of Nigeria Civil Aviation Authority, Musa Nuhu has said. The NCAA boss disclosed this at the briefing of the Presidential Steering Committee (PSC) on Covid-19 in Abuja. The …
Read More »Rolls-Royce Grosses Highest Sales In 2021
British luxury carmaker, Rolls-Royce, has delivered the highest-ever first quarter sales results in 2021, reporting a 62 per cent increase over the same period in 2020. This was disclosed in a Tuesday statement signed by the General Manager, Marketing and Corporate Communications of Coscharis Group, the exclusive franchise owner for …
Read More »FG Will Commence Work on Ibadan-Kano, Port Harcourt- Maiduguri, Soon – Amaechi
Babajide Iletogun The Federal Government on Friday explained that work would soon begin on some selected rail projects for which contracts have been awarded. The government listed some of the rail projects to include the Ibadan-Kano, Port Harcourt Maiduguri, Kano-Maradi and Lagos-Calabar rail lines. The Minister of Transportation, Rotimi Amaechi, …
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