Minister of Transport, Rotimi Amaechi, has disclosed that President Muhammadu Buhari will inaugurate 10 new coaches and two locomotives for the Abuja-Kaduna rail service on Dec. 10. Amaechi said this in an interview with newsmen in Lagos on Saturday while highlighting his achievements to mark
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The Minister of Transportation, Mr Rotimi Amaechi on Saturday said General Electric (GE) was investing 2.7 billion dollars on infrastructure, Operation and Maintenance (O and M) of the entire narrow gauge lines concession. Amaechi made this known in an interview with the News Agency of Nigeria (NAN) while giving account of his stewardship in the […]
The challenges of infrastructure decay and the burden of retooling have been identified as the major impediment against the declaration of dividend for shareholders by the Board of the Cement Company of Northern Nigeria (CCNN) Plc. Such decayed equipment include worn-out generators, cooler tubes and kiln shell, which require huge investments for their replacement or […]
The Petroleum Products Marketing Company (PPMC) has insisted that the $205,203,891.09 it received from Duke Oil was for products traded. The PPMC Managing Director, Mr. Umar Ajiya, who stated this in Abuja yesterday, said the products were traded from January 2016 to September 2017. Ajiya cited the products to include Fuel Oil (low pour fuel […]
The Executive Chairman, Federal Inland Revenue Service, Mr. Babatunde Fowler, on Thursday called on tax defaulters to take advantage of the Federal Government’s Voluntary Asset and Income Declaration Scheme before the expiration of the March 31, 2018 deadline of the tax initiative. Fowler said tax defaulters who do not take advantage of the scheme would […]
Nigeria plans to raise 710 billion naira ($2.26 bln) via restructuring its equity in joint venture oil assets and increasing private sector participation, the Debt Management Office (DMO) said on Thursday. Oil companies including Royal Dutch Shell, Chevron and ExxonMobil, operate in Nigeria through joint ventures with NNPC. The government has considered selling stakes in
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