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Will GE’s withdrawal affect narrow gauge deal?

Will GE’s withdrawal affect narrow gauge deal?

Power giant General Electric (GE) has withdrawn from the railway narrow gauge concession one year after it ought to have rolled out new wagons on the tracks. What is the implication of its withdrawal for the project?ADEYINKA ADERIBIGBE writes The nation’s march to a modernised rail system, especially its centennial asset- the narrow gauge –Read More …

FG, General Electric never signed railway agreement, says Amaechi

Nigeria’s transportation minister Rotimi Amaechi has said the supposed federal government and General Electric railway concession agreement ended at the negotiation stage. The Nigerian government had in April 2018 announced an agreement with four companies led by General Electric to start the interim phase of the Nigerian narrow-gauge railway concession. “General Electric did not pull […] …

FG okays $1.3bn for 5 critical projects – Lai Mohammed

FG okays $1.3bn for 5 critical projects – Lai Mohammed

The Federal Government has set aside 1.3 billion dollars (about N468 billion) from the National Sovereign Investment Fund to finance five critical infrastructure projects. The Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this on Sunday when he appeared as guest on a Nigeria Television Authority programme, “Stepping Up”. The minister said the five […] …

EXCLUSIVE: General Electric fingered in multi-million dollar illegal tax deduction

EXCLUSIVE: General Electric fingered in multi-million dollar illegal tax deduction

General Electric (GE) illegally withheld tax in excess of $3 million from its payments to ARCO Group Plc, a Nigerian oil servicing company, according to documents seen by TheCable. There The post EXCLUSIVE: General Electric fingered in multi-million dollar illegal tax deduction appeared first on TheCable.

NNPC holds talks with firms on refineries’ overhaul

The Nigerian National Petroleum Corporation ( NNPC ) is in the final stages of talks with two consortiums that include top traders, energy majors and oil services companies to revamp the country’s dilapidated refineries, sources familiar with the matter said. The move is aimed at helping Nigeria, Africa’s biggest crude producer, save billions of dollarsRead More
The post NNPC holds talks with firms on refineries’ overhaul appeared first on The Nation Nigeria. …

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