TRANSPORT

The Federal Government has signed a contract agreement with the China Civil Engineering Construction Corporation (CCECC) on the construction of the Lagos-Calabar Coastal Railway project. The Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi who signed on behalf of the Federal Government of Nigeria, said that the contract  was  an...

The Minister of Transport, Mr Rotimi Chibuike Amaechi, has said that General Electric (GE) would invest $2 billion in the country’s rail projects. He disclosed this while speaking with CNBC, stressing that the Federal Government was in search of Public-Private Partnership (PPP) funding in the Nigerian transportation sector. According to...

All arrangements have been concluded for the grand opening of motorcycle assembly plant and modern showroom of CFAO Yamaha Motor Nigeria Limited come 13th of May, 2016 at the Amuwo Odofin Industrial Scheme in Lagos. According to the company, the grand opening is coming after the successful testing and full...

Nigeria’s energy companies that bought oil fields from oil majors when oil was selling for more than $100 a barrel, have been hammered by the crash in oil prices. Now their troubles are taking a toll on the banking sector in the country. In the two years before crude oil...