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We’ll Commence Oil Exploration In Chad Basin Soon – Fed Govt

We’ll Commence Oil Exploration In Chad Basin Soon – Fed Govt         The Federal Government on Wednesday said it was willing to resume oil exploration in the Lake Chad Basin. The exercise was suspended by the government in July 2017 after suspected members of Boko Haram attacked...

Domestic Airlines Lose N3bn Daily Over Lagos Curfew

Domestic Airlines Lose N3bn Daily Over Lagos Curfew         Domestic airlines are said to be losing about N3 billion daily to the curfew in Lagos as they have been forced to reduce flights by over 70 per cent in Lagos. The curfew is fast spreading to other...

FG To Apply For $11bn Loan To Construct Lagos-Calabar Rail Line — Amaechi

FG To Apply For $11bn Loan To Construct Lagos-Calabar Rail Line — Amaechi         Minister of Transportation, Chibuike Amaechi, said, yesterday, that the Federal Government was set to apply for a $11billion loan to construct Lagos to Calabar rail. Amaechi made the disclosur y during an interactive...

FEC Okays $3.02bn For PH-Maiduguri Rail Line

FEC Okays $3.02bn For PH-Maiduguri Rail Line       The Federal Executive Council (FEC) on Wednesday approved the reconstruction and rehabilitation of the Port Harcourt-Maiduguri Eastern Narrow Gauge. The cost of the project was put at $3.02bn. The decision was taken at the weekly meeting of the council presided...

TCN Cuts Off Maiduguri From National Power Grid

TCN Cuts Off Maiduguri From National Power Grid   The Transmission Company of Nigeria on Sunday announced that Maiduguri and its environs had been cut off from the national power grid. It said the Borno State capital was removed from the grid on Friday due to damages...

FG Seeks $15b Loan To Complete Port Harcourt-Maiduguri Rail Project

FG Seeks $15b Loan To Complete Port Harcourt-Maiduguri Rail Project   The Federal Government is negotiating a $15 billion loan to complete the Port Harcourt-Maiduguri rail project. Minister of Transportation, Rotimi Amaechi, disclosed this yesterday after a closed-door meeting with President Muhammadu Buhari at the Presidential Villa,...