News

Reps to probe NIMASA, transport ministry over $195m security contract

Ihesiulo Grace 22 November 2019 0

The House of Representatives on Thursday mandated its Committees on Marine and institutions and Public Procurement to immediately start a probe on alleged $195, 500.000 allegedly awarded to an Israeli security outfit to man Nigeria’s waterways by the Ministry of Transportation. Both

Business Economy Money Money Oil & Gas

Fuel subsidy to gulp N450 bn in 2020 -finance minister

Ihesiulo Grace 15 October 2019 0

Mrs Zainab Ahmed, the Minister for Finance, Budget and National Planning says under-recovery of Premium Motor Spirit (PMS), popularly referred to as fuel subsidy will gulp N450 billion in 2020. She said this on Monday in Abuja, at the public presentation of the 2020 budget proposals. Ahmed said it was called ‘under-recovery’ because it was […]

Business News

FG approves $5.3bn Ibadan-Kano standard gauge rail project

Ihesiulo Grace 13 September 2019 0

Temitope Adebayo The federal government has approved the $5.3 billion Ibadan to Kano standard gauge rail project, the Minister of Transportation, Mr Rotimi Amaechi has revealed. Amaechi in a statement by his media aide, Israel Ebeleme, on Thursday, after the 3rd Maritime Stakeholders Interactive Forum held in Lagos. “We got approval to complete the $5.3 […]

Business

Lagos-Ibadan standard gauge track laying completed, says Zakari

Ihesiulo Grace 29 July 2019 0

Temitope Adebayo The Nigeria railway cooperation has announced the completion of track laying of Lagos-Ibadan rail gauge project of 156-kilometer stretch as promised. The Permanent Secretary of the Federal Ministry of Transportation, Sabiu Zakari, while addressing newsmen during the project inspection at Abese, an area in Ogun State over the weekend said that he is […]