The Nigeria Railway corporation made about 117 million Naira in July from at least 33,140 passengers who transited through the Lagos-Ibadan railway. According to the Lagos District Manager, Nigeria Railway Corporation, Mr Jerry Oche, the corporation recorded 33,140 passenger traffic from the standard gauge railway in July. Mr Oche, in an interview with the News…
Mr Emmanuel Akinwunmi, the Principal Private Sector Specialist, African Development Bank (AfDB) says industrialisation process in Africa is hampered by lack of infrastructure and competitiveness. Akinwunmi made this observation at inauguration of the Local <span;>Organising Committee (LOC) on the Nigeria Industrialisation Summit, on Friday, in Abuja. The summit is being organised by Madewell Garment Ltd.,…
Trade dispute between the Federal Government and the Nigerian Association of Resident Doctors (NARD) has been handed over to the National Industrial Court of Nigeria for adjudication. The Minister of Labour and Employment, Sen. Chris Ngige, disclosed this on Friday in a letter addressed to NARD and the Federal Ministry of Health. The minister had…
Following increasing reports to the effect that the Shell Petroleum Development Company (SPDC) plans to divest its assets in Nigeria, the Federal government has started talks with Shell premised on negotiations. The assets Shell reportedly plan to divest include joint venture licenses and interests in 19 Oil Mining Leases (OML). The Minister of State for…
The Nigerian Mission in Tripoli said on Friday that it was evacuating 100 Nigerians stranded in Libya, with another set of 100 stranded Nigerians to be returned home in the next 10 days. Mr Kabiru Musa, Chargé D’affaires en titre of the Nigerian Embassy in Libya, disclosed this in a statement made available to the…
An increase in the participation of women in leadership, employment and entrepreneurship in the private sector is projected to got a massive boost with the Nigeria2Equal initiative in the next four years. The initiative which is being championed by both the International Finance Corporation (IFC) and the Nigerian Exchange Limited (NGX), expects to record favourable…
Dr Hassan Mahmud, Director, Monetary Policy Department of the Central Bank of Nigeria (CBN) said there were positive sides to Nigeria’s economic growth, despite uncertainties in the domestic and global economy. Mahmud said this at the Mid-year Economic Review and Outlook 2021, organised by the CIBN Centre for Financial Studies, in collaboration with B. Adedipe…
Details of a meeting between Indonesian Ambassador to Nigeria, Mr Usra Harahap and Minister of Foreign Affairs, Mr Geoffrey Onyeama had emerged. Harahap had on Monday met with Onyeama, over the assault on a Nigerian diplomat in Jakarta, Indonesian capital, however, the details of the meeting only emerged Friday. According to a copy of the…
The Nigerian Tourism Development Corporation (NTDC) says it will hold the South-South Tourism Stakeholders’ interactive forum to ensure the growth of the tourism, travel and hospitality industry in the country. NTDC’s Director-General, Mr Folorunsho Coker, said this in a statement he issued in Abuja. He noted that the forum would hold on Aug. 26, 2021…