Business Hilights

Tracking Nigeria's Headline Business News Online

Nigerian Railway Corporation (NRC)

Though coaches can’t meet demand, hanging atop now criminal offence—NRC

The Nigerian Railway Corporation (NRC) Thursday criminalised acts of hanging atop moving train and cautioned commuters against unsafe conducts. The notification came at the resumption of Lagos-Ogun mass transit service of the Corporation. Business Hilights recalls that the NRC had…

Humongous contract differential in rail construction: Amaechi may be questioned

The rising anger over possible official bleeding of the ailing economy in the way and manner former Minister of Transportation, Mr Rotimi Amaechi, had handled all contractual pricing rounds and agreements on railway reconstructions may spark off erosion of public…

Absence of human, goods traffic may rubbish Warri-Itakpe Rail Corridor—survey

Many Nigerians have continued to query the rationale considered by the federal government in rushing the delivery of Warri-Itakpe rail corridor when there has not been any known traffic demand on the stretch. The query became pertinent considering silence and…

Hope fades for assured arrival of 20 new coaches to activate Kaduna Dry Port

Just like the shocking postponement of the revival of all four national oil refineries from this year to 2020 by the Minister of State for Petroleum, Dr Ibe Kachukwu, strong indications have emerged suggesting that the publicized arrival of not…

Lekki traffic torments may be worse than Apapa in future if…NPA MD

Contrary to current momentary traffic gridlocks experienced daily on the sole Lekki-Epe Expressway being tolled and managed by the Lekki Concession Company (LCC), now a State Government entity, movement nightmares on the axis will surge on delivery of several ongoing…

FG mulls unbundling NRC into three firms to recover investments, pay Chinese loans

The Minister of Transportation, Rotimi Amaechi has hinted that the huge loan burden hanging on the nation’s railway system is forcing the Federal Government to think of unbundling the Nigerian Railway Corporation (NRC) into about three companies. In an interview…

FG’s mute on ordering new aircrafts at Airshow raises fear of ‘Tokunbo’ for Nigeria Air

…As endless wait for ordered 16 locomotives, 40 coaches, 120 wagons continues Contrary to the position of the Minister of State for Aviation, Capt. Hadi Sirika that the federal government will place orders for the first five new air crafts…

GE’s engineers expected this week for narrow gauge rail track rehab—Okhiria

The Managing Director of Nigerian Railway Corporation (NRC), Engr. Fidet Okhiria has revealed that track engineers from the General Electric (GE) would be in Nigeria this week to begin the execution of the interim framework contract for nation’s narrow gauge…

‘Delivering Itakpe-Ajaokuta-Warri rail line without fixing steel complex unfortunate’

Whereas the Managing Director, Nigerian Railway Corporation (NRC), Mr  Fidet Okheria, has disclosed that “In two weeks’ time, we want to ride on the train from Itakpe-Ajaokuta to Warri. This will enable us to assess what they have done and…

NRC set for final certification of completed Abuja Light Rail Project

As part of the regulatory standards in rail management, the Nigerian Railway Corporation (NRC) has deployed a technical team to evaluate the readiness of Abuja Light Rail Project for the take off of commercial mass transit operation. The team, led…