Itakpe-ajaokuta-warri Rail Line’ll Begin Operation In Two Weeks

More than three decades after the commencement of construction on a 276-kilometre standard gauge rail line linking Warri in Delta State to Ajaokuta, Kogi State, train operation will begin on the route in two weeks, the Managing Director, Nigerian Railway Corporation, Mr Fidet Okheria, has said. Okheria, who spoke at a press briefing in Lagos, […]

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Nigeria’s Export Earnings Rise By 10% To $14.4bn In Q1 2018

Nigeria’s total export earnings increased by 10.2 per cent to $14.394 billion in the first quarter (Q1) of 2018 compared with the $12.925 billion recorded in Q4 2017. The Central Bank of Nigeria (CBN) disclosed this in its Q1 2018 ‘Brief on Balance of Payments Statistics,’ posted on its website. The growth in the country’s […]

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World Bank Approves $2.1bn Loan For Seven Projects In Nigeria

The World Bank has announced the approval of $2.1bn loan for seven projects to be executed in Nigeria. A statement issued in Abuja on Thursday said the loans were approved in Washington on Wednesday and are for seven projects to support Nigeria’s investment in nutrition, access to electricity, states’ fiscal transparency, polio eradication, women’s economic […]

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Innoson Vehicles Upgrades From Manual To Automated Production; Set To Increase From 10,000 to 60,000 Capacity Per Annum

Innoson Vehicles Upgrades From Manual To Automated Production; Set To Increase From 10,000 to 60,000 Capacity Per Annum. Innoson Vehicles has concluded plans to upgrade some sections of its plant from manual to automated production and this comes with the introduction of robot technology in the plant. Speaking during the company’s management meeting today, June […]

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$5B JV CASH CALL FINALLY DONE- NNPC

The Nigerian National Petroleum Corporation, NNPC, has said that it had so far kept to the terms of the agreement on the $5.1 billion repayment plan entered into with international oil companies in respect of the Joint Venture Cash Call, JVCC. This amount was higher when the government of President Buhari came in but was […]

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Nigeria Gets New National Carrier , To Take Off Dec 2018-NCAA

Since 2003 when the then Nigerian Airways went down finally under President Olusegun Obasanjo due to lack of good management from successive governments before him, Nigeria has been striving to get another national carrier just as other nations like Ethopia, Kenya, Britain, etc have theirs. National carriers are not only good for economic reasons, they […]

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