Business Hilights

Tracking Nigeria's Headline Business News Online

Nigeria Railway Corporation (NRC)

Kaduna Dry Port now alive as rail begins containers, tankers haulage via Lagos ports

Following the arrival of new rail wagons originally planned to strengthen Lagos-Ibadan railway transit, the Minister of Transportation, Rotimi Amaechi, has ordered deployment of 18 wagons to move containers and tankers to Kaduna Dry Ports. With the development which started…

Ensure all regions benefit from railway inter-connectivity, NASS tells FG

As complaints of the eastern half of the country on apparent negligence in the ongoing railway projects by the Federal Government rage on, the Chairman of the House of Representatives Committee on Transportation, Mr Abdulmumin Jibrin and members have urged…

Railway sector suffers setback as lead investor, GE walks away from $2bn deal

Strong setback has hit the nation’s drive to intermodal transport structure following the surprise pullout of General Electric Co from a long-term concession deal sealed with the federal government. Key parts of the now collapsed financier-concessionaire understanding include maintaining and…

Reconstruction of Jibowu, Costain-Ojuelegba bridges not in 2017, ’18 budgets

Just as both the Minister of Transportation, Rotimi Amaechi and Lagos State Governor, Akinwunmi Ambode on Tuesday agreed on the need to demolish two strategic flyovers, the Jibowu and Costain-Ojuelegba to pave way for the effective takeoff of the Lagos…

GE now pumping $2.7bn on rail infrastructure, maintenance—Minister

The Minister of Transportation, Mr Rotimi Amaechi, over the weekend, revealed that General Electric (GE) is currently investing $2.7 billion dollars on infrastructure, Operation and Maintenance (O and M) of the entire narrow gauge lines concession in Nigeria. Giving the…