Railway – Page 5 – City Business News

February 8, 2018 No Responses

Nigerian Railway generates N4.1billion in 2017

The Managing Director, Nigeria Railway Corporation (NRC), Mr Fidet Okhiria, said on Wednesday that the cooperation generated N4.12 billion in 2017, as against the N4.85 billion targeted. Okhiria made this known during the 2018 Budget Defence and the organisation performance...

February 5, 2018 No Responses

NRC to hold retreat on 2018 agenda

Mr Fidet Okhiria, the Managing Director, Nigerian Railway Corporation (NRC), on Sunday said the Corporation would be holding a retreat to set agenda for 2018. Okhiria told the News Agency of Nigeria (NAN) in Abuja that the retreat would hold...

November 7, 2017 No Responses

FG to demolish Costain, Jibowu bridges as construction of Standard Gauge rail track begins in December

The Minister of Transportation, Rotimi Amaechi on Monday said the laying of tracks of Lagos-Ibadan standard gauge rail line would start in December. He also said that Jibowu and Costain bridges in Lagos would be demolished to give way for...

March 8, 2017 No Responses

FG seeks self-sustaining railway, completes studies on 13 routes

It is important to have viable self-sustaining and self-improving railway service, the Acting President, Prof Yemi Osinbajo has said. Speaking in Lagos at the Ground Breaking Ceremony of the Segment II Lagos-Ibadan Rail Project with extension to Lagos Port Com...

January 30, 2017 No Responses

Bank approves N408b for Lagos-Ibadan rail project

Barely one week after the Federal Government announced the release of N72billion as its counterpart fund for the construction of the Lagos-Ibadan standard gauge rail line, the Export-Import Bank of China has approved $1.275bn (about N408bn) loan for the pr...