The Federal Government has set up a steering committee to monitor the construction of the new Lagos-Ibadan rail line and ensure the delivery of quality job by the contractor. The Managing Director, Nigerian Railway Corporation, Mr. Fidet Okhria, who disclosed this on Tuesday in a telephone interview with our correspondent, also said the construction work had commenced on the standard […]
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CHISCO, TWO OTHERS HUGE GAINERS AS GOVT SPENT N84M IN TRANSPORTING PASSENGERS BETWEEN KADUNA, ABUJA IN SIX WEEKS
The Nigerian federal government has spent over N84 million for the transportation of air passengers between Kaduna and Abuja since the closure of the Nnamdi Azikiwe International Airport, Abuja. The sum was shared among three motor companies that provided 29 vehicles in total to transport the passengers during the Abuja airport closure. Chisco Motors provided eighteen vehicles, Auto Star Executives […]
Continue reading »AJAOKUTA STEEL COMPANY HOLDS FUTURE OF AUTOMOBILE INDUSTRY IN NIGERIA – OFFICIAL
Olaoluwa Ogundipe, Principal Technical Assistant with the National Automotive Design and Development Council, has called on the Federal Government to ensure that Ajaokuta Steel Company functions at full capacity. Ogundipe told the News Agency of Nigeria (NAN) in Abuja that the company had lot of steel metal that could be used for automobile industry. “If Ajaokuta steel is functioning, there […]
Continue reading »AIRLINES COMMENCE BOOKINGS AGAINST WEDNESDAY’S REOPENING AS MINISTER CONFIRMS ABUJA RUNWAY 96% READY
All appears set for the reopening of the Nnamdi Azikiwe International Airport (NAIA), Abuja, after six weeks of runway rehabilitation exercise. While workers are busy with finishing touches on the critical infrastructure, local airlines and their foreign counterparts have reopened sales and bookings on the Abuja route. With the cheering development, air travel activities and businesses in and around Abuja […]
Continue reading »KACHIKWU CONTINUES OIL INVESTMENT OVERTURES, WOOS EXXONMOBIL ON LOCAL REFINING
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has continued his drive to have International Oil Companies (IOCs) operating in Nigeria deepen their investments in the country with a visit to United States oil firm, ExxonMobil. The minister according to a statement from the ministry yesterday in Abuja, met with top executives of ExxonMobil at its headquarters in […]
Continue reading »ARIK AIR FACES LIQUIDATION OVER N387 BILLION BAD DEBTS
Arik Air risks being sold or liquidated by the Federal Government. Already, the Asset Management Corporation of Nigeria (AMCON) has filed an affidavit at the Federal High Court, Lagos in a bid to recover its debts put in excess of N387 billion. It was learnt that government is contemplating selling off or liquidating the airline to recoup its investment in […]
Continue reading »TANKER DRIVERS SUSPEND STRIKE, AS FED GOVT INCREASES BRIDGING COST ALLOWANCE
The Petroleum Tanker Drivers, PTD, branch of the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, yesterday, evening suspended their nationwide indefinite strike, following Federal Government’s approval of bridging cost allowance from N6.20 to N7.20. National Chairman of PTD, Mr. Salimon Oladiti, who confirmed the suspension of strike, after a meeting with representatives of the Federal Government at the […]
Continue reading »NNPC BACKS FG’S PLAN TO FORMALISE ILLEGAL OIL REFINING IN NIGER DELTA
The Nigerian National Petroleum Corporation (NNPC) has said it would support plans by the federal government to formalise illegal crude oil refining operations in the Niger Delta, saying it was part of the antidotes to criminality including militancy in the region. According to the corporation, the government’s decision would take away from the streets of the region, many of its […]
Continue reading »AGAIN, EIA ON 260KM SUPER HIGHWAY RUNS INTO HITCH
As the ding-dong affairs between the Cross River State government, the Federal Ministry of Environment and stakeholders on the proposed 260-kilometre Super Highway continues, the Environmental Impact Assessment (EIA) project appears to have failed after a third attempt to get the document approved. Indications to this effect came to the fore Thursday during the stakeholders’ family meeting organised by the […]
Continue reading »NIGERIA MAY LOSE N400BN TO CLOSURE OF ABUJA AIRPORT
Nigerian may lose as much as $1 billion (about N400 billion) owing to the temporary closure of the Nnamdi Azikiwe Airport, Abuja. A former Minister of Aviation, Babatunde Omotoba, who made the projection said that the economy would lose about N400 billion with the shutdown of the airport as many businesses have also shut down while some foreign airlines have […]
Continue reading »FG FRUSTRATING PLANS TO RECONSTRUCT OSHODI-AIRPORT ROAD – AMBODE
Lagos State Governor, Mr Akinwunmi Ambode, on Wednesday said his administration’s plan to carry out a total reconstruction of the International Airport Road from Oshodi was being frustrated by the Federal Ministry of Works. Governor Ambode, who spoke to Government House Correspondents at the Lagos House, shortly after carrying out an extensive inspection of some critical projects in the state, […]
Continue reading »HELICOPTER OPERATIONS SET TO BOOM ON LAGOS, KADUNA, ABUJA ROUTES
Helicopter service operators in the country are set for a boom time on account of the temporary closure of the Nnamdi Azikiwe International Airport (NAIA), Abuja, for its runway repair. The operators, who are deploying both charter and shuttle service helicopters for different categories of people and pockets, on various routes inwards Abuja, are expecting to make it big with […]
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