Lagos-Calabar rail scheme
22 Apr
There are concerns over significant revenue losses and capital outflows resulting from foreign shipowners handling 100 per cent of the affreightment for major infrastructural projects in Nigeria, including the planned Lagos-Calabar rail scheme.
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The management of the Nigerian Railway Corporation (NRC), in compliance with the Federal Government’s directive through the Federal Ministry of Transportation, has announced that the NRC will operate end-of-the-year special train services in commemoration of Christmas and New Year celebrations. In a statement signed by the Deputy Director, Public Relations, NRC, Yakub Mahmood, it was…
8 mins ago
For the second year in a row, Ahmed Ololade, known professionally as Asake, has topped the most-streamed Nigerian artiste on Spotify. In its yearly Spotify Wrapped, Spotify data shows that Asake led the pack, with Seyi Vibez coming second, while Burna Boy and Wizkid came third and fourth, disrupting the top three ‘gang’ in the…
8 mins ago
The South Africa-Nigeria Joint Ministerial Advisory Council on Industry, Trade, and Investment (JMACITI) has been created to strengthen economic cooperation and trade opportunities between Nigeria and South Africa. This was announced by President Cyril Ramaphosa of South Africa on Wednesday at the Nigeria-South Africa Business Roundtable in Cape Town, South Africa. According to Ramaphosa, the…
15 mins ago
The United Kingdom (UK) and Nigeria have agreed to strengthen economic ties through a co-production agreement, facilitating collaboration between film industries in both countries to produce content for domestic and international markets. UK High Commissioner to Nigeria, Richard Montgomery stated this on Wednesday in Abuja at the 80th anniversary of the British Council in Nigeria.…
26 mins ago
The Nigeria Deposit Insurance Corporation (NDIC) has initiated the process of realising the assets and recovering debts from defunct banks to activate payment of uninsured depositors through liquidation dividends. Additionally, the corporation assured compensation for depositors of defunct banks whose balances exceed N5 million. NDIC Managing Director, Mr Bello Hassan, stated this on Wednesday at…
37 mins ago
A lawyer to Nigerian musician Darlington Okoye, known as Speed Darlington, has demanded that his client be granted bail after spending one week in police detention. Darlington's lawyer, Stan Alieke, made the demand on Wednesday in a post he shared on his official Instagram account, adding that his client is entitled to bail. “Today marks…
50 mins ago
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has stressed the urgency of passing the Tax Reforms Bills, stating that they are crucial to addressing the struggles faced by most Nigerians. In an interview with Arise News on Wednesday, Oyedele responded to concerns raised by Borno State Governor, Professor Babagana…
51 mins ago
Oyo State Governor, Mr Seyi Makinde, on Wednesday, pledged his support for Osun State Governor, Ademola Adeleke, ahead of the political challenges in both states, stating that the All Progressives Congress (APC) will not win in Osun and Oyo. Makinde's remarks came after APC National Chairman, Dr. Abdullahi Ganduje, claimed the APC would win in…
56 mins ago
The Central Bank of Nigeria (CBN) has said its Exit Package (EEP) is entirely voluntary and without negative consequences, adding that it has nothing to do with force mass retirement. The Acting Director of Corporate Communications, CBN, Mrs. Hakama Ali, said the EPP was formerly accorded to the executives but is now available to staff…
58 mins ago
The Minister of Defence for State, Bello Matawalle, has advocated a total health package for both serving and retired military personnel in the country. He made the call at the 12th Stakeholders Meeting of the Defence Health Maintenance Limited (DHML) on Wednesday in Abuja. He said that the availability of good health services is an…