Friday, August 2, 2019

Tag "Rail"

    Buhari: I’m sure all ongoing road, power, rail projects will be completed this year

Buhari: I’m sure all ongoing road, power, rail projects will be completed this year

President Muhammadu Buhari says all the ongoing road, rail and power projects in his administration will be completed by the end of 2019.Buhari gave the assurance on Saturday during the All Progressives Congress (APC) presidential campaign rally in Ibadan, Oyo state.Addressing his supporters at Mapo hall, the president urged the people to vote massively for APC candidates at all levels.According to [...]

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    We want to lead with technology, says Connect Rail Services

We want to lead with technology, says Connect Rail Services

Connect Rail Services Ltd, an indigenous freight firm, has unveiled plans of how it wants to lead with technology in the rail sector.In an interview with journalists, Edeme Kelikume, chief executive officer of the firm, said it was established to provide "value innovative transportation solutions for containers and break bulk cargo" in the country.Kelikume said Connect Rail Services is operating [...]

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    FACT CHECK: Whose ‘handiwork’ is Kaduna-Abuja rail? Obasanjo or Jonathan?

FACT CHECK: Whose ‘handiwork’ is Kaduna-Abuja rail? Obasanjo or Jonathan?

On Thursday, President Muhammadu Buhari was in Kaduna state to inaugurate new coaches and locomotives for the Abuja-Kaduna train service.The president, after the inauguration, took a train ride from Rigasa to Kakuri on the outskirts of Kaduna to inaugurate Nigeria’s first inland dry port.Commenting via Twitter, Ben Murray Bruce, senator representing Bayelsa east, asked Buhari to thank ex-President Goodluck Jonathan [...]

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    Amaechi fires 11 rail staff for ticket ‘racketeering’

Amaechi fires 11 rail staff for ticket ‘racketeering’

Rotimi Amaechi, minister of transportation, has directed that the station managers, porters, and ticket officials at Idu and Rigasa, the Abuja-Kaduna rail stations be removed for alleged ticket racketeering at the stations.Amaechi gave the directive while inspecting the rail stations on Friday.According to the minister, the step became necessary following complaints of passengers over racketeering of VIP tickets at the [...]

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    Senate summons Amaechi over ‘exclusion’ of eastern rail lines from upgrade

Senate summons Amaechi over ‘exclusion’ of eastern rail lines from upgrade

The senate has summoned Rotimi Amaechi, minister of transport, to explain why the eastern corridor of the country's rail lines was excluded from the proposed loan from the China Exim bank.President Muhammadu Buhari had in April sent a letter to national assembly seeking the approval of the lawmakers to borrow $5.851 billion for the upgrade of various sections of the [...]

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    Under Buhari, many tenants will become home owners, says Shehu

Under Buhari, many tenants will become home owners, says Shehu

 The federal government says its affordable housing schemes will soon transform thousands of Nigerians from being tenants to proud owners of houses and plots of land.Garba Shehu, senior special assistant on media and publicity to President Muhammadu Buhari, said this in a statement in Abuja on Monday.Shehu said the scheme operated through the mortgage banking system, was part of the [...]

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    China to construct $1.85bn light rail in Kano

China to construct $1.85bn light rail in Kano

China Railway Construction Corporation says it has won a $1.851 billion contract to construct the Kano city light rail.In a special announcement in Monday, the company said its directors had received a provisional letter of award from Nigeria.The rail, with a total length of 74.3 kilometres, is expected to travel at a speed of 100 kilometres per hour.In context, 100 [...]

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Exchange Rates

August 01, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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