Saturday, November 17, 2018

Tag "rotimi amaechi"

    Nigeria’s $2bn rail project suffers setback as GE pulls out

Nigeria’s $2bn rail project suffers setback as GE pulls out

Nigeria's railway projects have recorded a fresh setback as General Electric pulls out of Nigeria's $2bn narrow gauge railway concession, TheCable understands.The company has handed over to South African Transnet SOC Limited, which deals in pipeline, port, and rail construction.TheCable also understands that GE had pulled out from the deal a while ago, following the sale of its 111-year-old rail construction business, [...]

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    Amaechi’s holy anger good for Nigeria

Amaechi’s holy anger good for Nigeria

BY EMMA AGUWhen people discuss anger, the first thing that comes to mind is to disparage it as a very negative emotion. Those who think that way do not see anything positive about anger.For sure, uncontrolled anger is the source of many a mistake, ranging from mild indiscretions to irredeemable tragedies. Most times, anger is impulsive, flying out in unintended [...]

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    How kidnapped victim regained freedom ‘after Amaechi’s intervention’

How kidnapped victim regained freedom ‘after Amaechi’s intervention’

Rotimi Amaechi, minister of transportation, on Sunday assisted a man who was kidnapped in Rivers state to regain freedom.According to a statement by his media office, Amaechi was on his way to Ubimini, a community in Emohua local government area, when he sighted an abandoned Lexus SUV by the road.The minister, who was to address some supporters of the All [...]

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    Group asks ministry for contracts to fund Buhari’s campaign

Group asks ministry for contracts to fund Buhari’s campaign

Buhari Campaign Organisation, a political group, has asked the ministry of power, works and housing, for a contract to fund the campaign for President Muhammadu Buhari.In the letter dated September 20, signed by one Abba Ali, national patron, and two others, the group asked for a project for the supply and installation of road signs along federal highways.It demanded that [...]

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    Amaechi: Buhari will accept outcome of 2019 elections

Amaechi: Buhari will accept outcome of 2019 elections

Rotimi Amaechi, director-general of the reelection campaign of President Muhammadu Buhari, says the president will accept the outcome of the 2019 elections.Speaking when he received a delegation from the European Union (EU), Amaechi said the ruling All Progressives Congress (APC) would adhere strictly to the electoral laws in the forthcoming elections.“One assurance I will give you today is that we'll stand [...]

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    Group alleges fraud in Atiku’s tax remittance

Group alleges fraud in Atiku’s tax remittance

Rebirth Nigeria Leadership and Good Governance Initiative, a pro-democracy group, has raised questions over  the income declaration made by the presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar.The PDP presidential candidate had declared N60.2 million as his income over a three-year period.Addressing journalists in Abuja on Sunday, Olugbenro Ogunoye,  national president of the group, said the remittance is filled [...]

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    Amaechi: One of the benefits of Chinese investments is the varsity they’re building in Daura

Amaechi: One of the benefits of Chinese investments is the varsity they’re building in Daura

Rotimi Amaechi, minister of transportation, says one of the benefits of Chinese investments in Nigeria, is the University of Transportation currently being built by the Chinese in Daura, Katsina state.Speaking at one of the breakout sessions of the just concluded Nigerian Economic Summit (NES24), the minister said the Chinese are building a factory in the University structure."Somebody asked, what are the [...]

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    EXTRA: Abuja rail can’t run faster than 90km/h because we don’t want to kill cows, says Amaechi

EXTRA: Abuja rail can’t run faster than 90km/h because we don’t want to kill cows, says Amaechi

Rotimi Amaechi, minister of transportation, says the Abuja-Kaduna rail line cannot run faster than 90 kilometres per hour because the ministry does not want locomotives killing cows.The minister highlighted the complications the federal government has had to deal with in making rail concessions, stating that the concession with General Electric (GE) fell apart after the company was sold its rail [...]

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    Fresh worry for APC as court nullifies Cole’s nomination as Rivers guber candidate

Fresh worry for APC as court nullifies Cole’s nomination as Rivers guber candidate

A high court sitting in Port Harcourt has sacked the Ojukaye Flag-Amachree-led executive of the All Progressives Congress (APC) in Rivers.The court also voided the primary election conducted by the faction recognised by the party's national leadership.Tonye Cole emerged the governorship candidate in the primary.The court gave the ruling on Wednesday, following a case filed by some members of the [...]

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    Amaechi: Abe conspiring with Wike to tarnish my image

Amaechi: Abe conspiring with Wike to tarnish my image

Rotimi Amaechi, minister of transportation, has alleged that Nyesom Wike, governor of Rivers state, and Magnus Abe, lawmaker representing Rivers south-east at the senate, are conspiring to disparage and defame him.In a statement on Friday, Amaechi, who governed Rivers between 2007 and 2015, alleged that the duo are plotting to use his former cabinet members to tell fake, concocted [...]

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    Magnus Abe: I want to be Rivers governor, nobody can deny me my right

Magnus Abe: I want to be Rivers governor, nobody can deny me my right

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    Rivers asks Amaechi to account for proceeds from sale of state’s assets

Rivers asks Amaechi to account for proceeds from sale of state’s assets

The Rivers government has asked Rotimi Amaechi, minister of transportation, to account for proceeds from the sale of $308 million gas turbine power stations formerly owned by the state.Amaechi was governor of Rivers from 2007 to 2015. The gas turbines were sold to Sahara Energy, a company owned by Tonye Cole, governorship aspirant of APC.In a statement on Monday, Emma [...]

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    Buhari challenges African countries to improve ports infrastructure

Buhari challenges African countries to improve ports infrastructure

President Muhammadu Buhari says Africa should take full advantage of maritime endowment within the continent as part of measures to strengthen economic development.The president said this during the opening ceremony of the first International Association For Ports and Harbours (IAPH) Africa regional conference hosted by the Nigerian Ports Authority (NPA) in Abuja, on Monday.He said nations in Africa are largely [...]

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    Amaechi to Abe: I’m not your leader, a hypocrite can’t be my follower

Amaechi to Abe: I’m not your leader, a hypocrite can’t be my follower

Rotimi Amaechi, minister of transportation, says he is not a leader to Magnus Abe, senator representing Rivers south-east.There has been a face-off between the two politicians in recent months, but last week, at the secretariat of the All Progressives Congress (APC), Abe described Amaechi as his leader.Reacting in a statement issued on Sunday, Amaechi said Abe is a devious character and [...]

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    FG negotiating $6bn loan from China for Ibadan-Kano rail

FG negotiating $6bn loan from China for Ibadan-Kano rail

Rotimi Amaechi, minister of transportation, says the federal government is negotiating a $6 billion loan with the Chinese government to complete the Ibadan to Kano rail track.Amaechi made this known on Tuesday in Abuja during a news conference on the overhaul of the transport sector since the inception of the current administration."We are currently in negotiation with the China EXIM [...]

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    Amaechi defends construction of N18bn Transportation University in Buhari’s hometown

Amaechi defends construction of N18bn Transportation University in Buhari’s hometown

Rotimi Amaechi, minister of transportation, has defended the planned construction of Transportation University in Daura, Katsina state, where President Muhammadu Buhari is from.The construction of the N18 billion project is scheduled to start in 2019.Addressing journalists in Abuja on Tuesday, Amaechi said there is nothing special about siting the university in the president’s hometown since "Daura is also part of [...]

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Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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