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N458bn Lagos-Ibadan New Rail Project to Begin Feb

The Federal Government will commence the construction of a standard gauge rail line from Lagos to Ibadan next month, the Managing Director, Nigerian Railway Corporation, Mr. Fidet Okheria, has said. The project, which has been awarded to the China Civil Engineering Construction Corporation, is being...

ECOWAS Central Bank Govs Meet Over Single Currency

The ECOWAS Convergence council will hold an ordinary session tomorrow in Abuja to determine the progress made in implementing the roadmap of the Community’s Single Currency Programme and adopt the macroeconomic convergence of member States. The Statutory Council would bring together the 15 member states’...

China EXIM Bank commits $1bn to Nigeria’s Railway projects

The Minister of Industry, Trade and Investment, Okechukwu Enelamah, said that the fund would be utilised for the development of Lagos-Kano rail line and rail lines connecting the South and South-east parts of the country. Enelamah said that infrastructure development has attracted the highest value...

Economic Growth: ECOWAS must Eradicate Maritime Piracy – NIMASA DG

The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dakuku Peterside has charged member states of the Economic Community of West African States (ECOWAS) to eradicate the scourge of piracy in the sub region in order to grow the economy. Dr....

Senate probes Customs’s Declining Revenue Profile

The Senate mandated its Committee on Customs, Excise and Tariff to carry out a holistic investigation into the activities of the Nigeria Customs Service (NCS) with a view to identifying the reasons for its declining revenue, leakages and irregularities in its operations. The recommendations of...

FIRS, ECOWAS Member States Take Stock of Transfer Pricing in the Region

Economic Community of West African States (ECOWAS), the Federal Inland Revenue Service (FIRS) and the World Bank Group is currently meeting on the first Transfer Pricing for ECOWAS Member States in Abuja, under the European funded Improved Business and Investment Climate in West Africa...