Savannah Energy Plc said it is in advanced stage of exclusive discussions with ExxonMobil Corporation with respect to the proposed acquisition of its entire upstream and midstream asset portfolio in Chad and Cameroon (the “Proposed Acquisition”). The Proposed Acquisition would include a 40 per cent operated interest in the Doba Oil Project, and an effective 40 per cent interest in Read More
The minister of Transportation, Chibuike Rotimi Amaechi has raised the alarm that 75 per cent of crime committed across the country comes from the water and its more complex than the world knows. The minister said that if the country is able to eliminate it, then she will be making a lot of progress. According to him, part of its Read More
The nation’s capital is at the risk of both security and transport disorders if nothing is done to address the menacing incursion of commercial motorcycle riders as known as Okada plying unapproved routes. ELEOJO IDACHABA takes a look at the initial ban and why their return to the city centre is not checked. Until 2006, when it was first banned Read More
The opposition Action Democratic Party (ADP) has called for a full-scale investigation into alleged theft of over 165 billion Naira from the coffers of the Nigeria Ports Authority (NPA) between 2016 and 2020. The party also kicked against the appointment of the Acting Managing Director, Muhammed Koko to oversee the affairs of the NPA on the basis that he had Read More
A Chinese senior citizen surnamed Liu was recently surprised by the convenience of digital RMB, or e-CNY, during a visit to Bo’ao, south China’s Hainan province. He told People’s Daily that he bumped into a digital RMB promotional activity in the city that was piloting e-currency, and finished payment by simply placing his smart watch on a POS machine. “This Read More
There appears to be rays of hope for the birth of codeshare agreements andpartnership among Nigerian domestic carriers as industry experts cutting across the upstream and downstream sectors of the country’s aviation industry said the time for it is now. Over the years, the call for interlining between and among Nigerian airlines has been seen by operators as a business Read More
Mr. Kalu Emetu is the head of public relations and enlightenment, Directorate of Road Traffic Services (DRTS) of the Federal Capital Territory Administration (FCTA), also known as the Vehicle Inspection Officers (VIO). In this interview with PAUL OKAH, he speaks on the Park and Pay Policy in the FCT, the reasons for the past failure and the re-introduction of the Read More
The Minister of State for Transport, Senator Gbemisola Rukayyat Saraki, has said the federal government had begun the rehabilitation of the rail line from Rivers state to Borno state. Saraki disclosed this Thursday during the commissioning of the Nigerian Institute of Transport Technology Outreach Centre for the North-east at Kumo in Akko local government area of Gombe state. She said Read More
Minister of State for Transport, Senator Gbemisola Rukayyat Saraki has said the federal government has commenced the rehabilitation of the rail line from Rivers to Borno state. Senator Rukayyat Saraki stated this during the commissioning ceremony of the Nigerian Institute of Transport Technology Outreach Centre for the North-east at Kumo in Akko local government area of Gombe state. According to Read More
Ogun will soon commence operation of the Bus Mass Transit services to Lagos and major towns in the state. The state governor, Dapo Abiodun, stated this while receiving reports on the transportation sector christened ‘Abeokuta Urban Transport Policy from the Head, United Kingdom Prosperity Fund, Nigeria Office, Miss Martha Bostock and the Strategic Transport Intervention Plan for Ogun state.’ The Read More
The Minister of Transportation, Rotimi Amaechi said the Nigerian Customs Service (NCS) hasagreed to demolish the scanner site obstructing the laying of tracks into the Apapa port whichwould be done within six months. He disclosed this on Monday after the technical meeting with stakeholders on ways to resolvethe challenges affecting the completion of the third track that leads to Apapa Read More
Former President, National Youth Council of Nigeria and chairmanship aspirant of Abuja Municipal Area Council ?AMAC) under the platform of All Progressives Congress (APC) Comerade Bello Shagari, has asked older politicians to surrender power to the younger ones. Speaking with newsmen Tuesday at the national secretariat of APC in Abuja, Shagari said the Nigerian youths, backed by the “Not too Read More
Aliko Dangote is in trouble. On November 2014, Africa’s richest man announced the crashing of cement price from N1, 900 to N1, 000 per 50kg bag. That was when the naira was trading at N170 to the dollar. No one knows how many direct consumers bought cement at that magic price. Two weeks ago the price of cement sailed perilously Read More
One hundred female drivers have benefited from SunTrust Bank’s initiative to support women in the ride-hailing industry. The beneficiaries are women under the aegis of Women on Wheel, a female drivers group. They were presented with Hyundai Sonata vehicles at the bank’s headquarters in Victoria Island, Lagos, on Monday. Speaking with journalists at the event, SunTrust managing director, Halima Buba, Read More
The Federal Capital Territory Administration (FCTA), has reintroduced the park and pay policy in the city centre. Briefing Journalists Tuesday in Abuja, the Acting Secretary FCT Transportation Secretariat, Usman Yahaya said reintroducing the on-street parking policy was to bring about sanity in the city. Recall that the park and pay system became a controversial issue about five years ago before Read More
The Minister of Transportation, Rotimi Amaech, has assured Nigerians that the federation government would soon begin construction of four new rail projects across the country. The minister gave the assurance on Friday in Abuja at the 2020 edition of Annual Ministerial Press Briefing on landmark programmes, projects and activities of the ministry and agencies in Abuja, adding that the contracts Read More
Tourism experts have said the industry has the capacity to employ more than 20 million young Nigerians if properly harnessed. They described the 1.6 percent employment rate the sector currently enjoys as grossly inadequate considering Nigeria’s potentials. The national president of Aircraft Owners and Pilots Association, Alexander Nwuba, said this in Calabar, Wednesday, during a National Tourism Transportation Summit, organised Read More
Critical stakeholders in Nigeria’s auto industry have alleged that they are yet to receive the N10 billion COVID-19 bailout fund released by the federal government as intervention fund to operators. Recall that the federal government had released the fund in 2020 as intervention to the auto industry to rescue ailing companies and firms in the sector. It was gathered that Read More
Nigeria took a turn for an exciting and refreshing phase in November 2019 when President Muhammadu Buhari launched the 10 years National Digital Economy Policy and Strategy, NDEPS 2020-2030. The policy’s vision was aimed at transforming Nigeria into a leading digital economy, creating sustainable wealth and opportunities for all. This policy also saw the birth of the Federal Ministry of Read More
The chairman of Bogoro local government council of Bauchi state Iliya Habila on Tuesday distributed 100 wheelchairs to physically challenged persons in the area to alleviate their transportation challenges. Speaking during the distribution ceremony in Bogoro, Habila said the gesture was in collaboration with a Non-Governmental Organization (NGO) known as ‘Beautiful Gate Handicapped Centre’. The Handicap Center was founded by Read More
As the world transits to cleaner energy, the Nigerian National Petroleum Corporation (NNPC) has affirmed Nigeria’s preparedness to play a strategic role in the new global energy order. The Group Managing Director of NNPC, Mallam Mele Kyari, made this submission at the Decade of Gas Pre-summit Conference which held Monday in Abuja, with the theme: Towards Gas-Powered Economy by 2030.In Read More
Over the years, indigenous companies in Nigeria have recorded low level participation in railway infrastructure development projects, most times been sidelined in large scale activities across the country; ADEOLA TUKURU writes . Some of the benefits of indigenous companies in railway infrastructural development in Nigeria is that it provides the driving force necessary to sustain economic growth. Other benefits of Read More
Irate youths under the aegis of the Concerned Youths of Eastern Nigeria (CYEN) have risen to condemn action of attack level against the Minister of Transportation, Mr. Chibuike Amaechi by a socio-political group, World Igbo Peoples Assembly (WIPAS), Recall that WIPAS had in a press statement signed by its Board of Trustees (BoT) Chairman, Chucks Ibegbu, at the weekend, queried Read More
Kano, the center of commerce in northern Nigeria and Nigeria at large, to some extent now is in dilemma whereby thousands of tricylists or Keke Napep operators have embarked on an indefinite strike due to the compulsory levy imposed by the state government that isn’t in favour of the tricylists and Kano people in general. Most of the tricylists complained Read More
At the rail crossing of Tsafe town, Zamfara state on my way to Sokoto, a stern looking officer of the Federal Road Safety Corps (FRSC), who demanded my vehicle’s particulars, accosted me. After examining the particulars, he demanded triangle and fire extinguisher and was promptly given. When he found nothing amiss, he tried to operate the extinguisher and, in the Read More
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