Investogist
No Result
View All Result
Saturday, June 13, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    SpaceX Launches 28 Starlink Satellites in Pre-Dawn Falcon 9 Mission

    Musk Becomes World’s First Trillionaire as Spacex Stock Soars 19%

    Air Peace, FG Evacuate 262 Nigerians from South Africa Due to Xenophobic Attacks

    Air Peace, FG Evacuate 262 Nigerians from South Africa Due to Xenophobic Attacks

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Amazon Leo seeks Kenya licence for first African satellite gateway

    Amazon Leo seeks Kenya licence for first African satellite gateway

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    Dangote Refinery Faces Competition as Ardova, Ibeto Cut Prices

    Honeywell Flour Reports 12% Profit Growth in FY 2026, Recommends ₦0.20 Kobo Dividend

    Honeywell Flour Reports 12% Profit Growth in FY 2026, Recommends ₦0.20 Kobo Dividend

    Tinubu to deploy 1,000 forest guards, special rescue team to Ogbomosho

    Tinubu to deploy 1,000 forest guards, special rescue team to Ogbomosho

    NNPC Accuses Dangote Refinery of Seeking Fuel Monopoly

    NNPC Accuses Dangote Refinery of Seeking Fuel Monopoly

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Bill to prohibit foreign currency use in Nigeria scales first reading

    Nigeria’s Capital Importation Hits $10.37bn in Q1 2026

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Announces Currency Options for 4.26 Cents Final Dividend

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Access Bank UK set to acquire Mauritius  AfrAsia Bank

    Access Holdings Explains Non-Payment of 2025 Dividend Despite N1.01 Trillion Profit

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Conoil Reports 75% Profit Decline, Cuts Dividend to 200 Kobo

    Conoil Reports 75% Profit Decline, Cuts Dividend to 200 Kobo

    Tony Elumelu to chair Seplat Energy as the company names Effiong Okon CEO

    Tony Elumelu to chair Seplat Energy as the company names Effiong Okon CEO

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Amazon Leo seeks Kenya licence for first African satellite gateway

    Amazon Leo seeks Kenya licence for first African satellite gateway

    Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

    FCMB Group Proposes N0.35 Final Dividend for FY 2025

    FCMB Group Q1 2026 profit jumps 137% to ₦76.5bn

    FCMB Group Q1 2026 profit jumps 137% to ₦76.5bn

    CIG Motors partners with FCMB, offers up to N70m car loan to Nigerians

    FCMB Group’s Profit After Tax More Than Doubles to ₦177.27bn in 2025 FY

    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

    Guinea Insurance Pays ₦1.5 Billion Statutory Deposit to CBN, Meets NIIRA Deadline

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries Lists 2.38 Billion New Shares on NGX After Hybrid Offer

    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    SpaceX Launches 28 Starlink Satellites in Pre-Dawn Falcon 9 Mission

    Musk Becomes World’s First Trillionaire as Spacex Stock Soars 19%

    Air Peace, FG Evacuate 262 Nigerians from South Africa Due to Xenophobic Attacks

    Air Peace, FG Evacuate 262 Nigerians from South Africa Due to Xenophobic Attacks

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Amazon Leo seeks Kenya licence for first African satellite gateway

    Amazon Leo seeks Kenya licence for first African satellite gateway

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    Dangote Refinery Faces Competition as Ardova, Ibeto Cut Prices

    Honeywell Flour Reports 12% Profit Growth in FY 2026, Recommends ₦0.20 Kobo Dividend

    Honeywell Flour Reports 12% Profit Growth in FY 2026, Recommends ₦0.20 Kobo Dividend

    Tinubu to deploy 1,000 forest guards, special rescue team to Ogbomosho

    Tinubu to deploy 1,000 forest guards, special rescue team to Ogbomosho

    NNPC Accuses Dangote Refinery of Seeking Fuel Monopoly

    NNPC Accuses Dangote Refinery of Seeking Fuel Monopoly

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Bill to prohibit foreign currency use in Nigeria scales first reading

    Nigeria’s Capital Importation Hits $10.37bn in Q1 2026

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Announces Currency Options for 4.26 Cents Final Dividend

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Access Bank UK set to acquire Mauritius  AfrAsia Bank

    Access Holdings Explains Non-Payment of 2025 Dividend Despite N1.01 Trillion Profit

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Conoil Reports 75% Profit Decline, Cuts Dividend to 200 Kobo

    Conoil Reports 75% Profit Decline, Cuts Dividend to 200 Kobo

    Tony Elumelu to chair Seplat Energy as the company names Effiong Okon CEO

    Tony Elumelu to chair Seplat Energy as the company names Effiong Okon CEO

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Amazon Leo seeks Kenya licence for first African satellite gateway

    Amazon Leo seeks Kenya licence for first African satellite gateway

    Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

    FCMB Group Proposes N0.35 Final Dividend for FY 2025

    FCMB Group Q1 2026 profit jumps 137% to ₦76.5bn

    FCMB Group Q1 2026 profit jumps 137% to ₦76.5bn

    CIG Motors partners with FCMB, offers up to N70m car loan to Nigerians

    FCMB Group’s Profit After Tax More Than Doubles to ₦177.27bn in 2025 FY

    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

    Guinea Insurance Pays ₦1.5 Billion Statutory Deposit to CBN, Meets NIIRA Deadline

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries Lists 2.38 Billion New Shares on NGX After Hybrid Offer

    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

FEC approves $11.7 bn to link coastal cities by rail

Thursday, 5 August 2021, 7:07 am
in News, Nigeria
0
FEC approves $11.7 bn to link coastal cities by rail
Share Share Share Share Send as Email

The Federal Executive Council on Wednesday approved the sum of $11.17bn to link all Nigeria’s coastal cities by rail.

The project is expected to be completed in six years, according to the Minister of Information and Culture, Lai Mohammed, who briefed State House correspondents after the virtual FEC meeting presided over by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa, Abuja, The Punch reported.

Mohammed said that two memos were presented by the Minister of Transportation, Rotimi Amaechi, at the meeting

“The first one has to do with the Kano-Jibia rail and the other one has to do with the Port Harcourt-Maidugiri rail.

“Actually, what was approved today was funding to ensure that work starts immediately on those two rails.

“And then, also another memo that was approved today was the ratification of the president’s approval for the award of contract for the Lagos-Calabar Coastal Standard Gauge.’’

“Today, the council has given approval to commence the Lagos-Calabar Coastal rail.

“This particular route is very important because after the Lagos-Kano route, this Lagos-Calabar Coastal route actually will link all the coastal cities in the country.

  • Read also: FEC approves N309.9 bn road contract to Dangote
  • FEC approves resumption of FCT N1 trn Land Swap Initiative

“Actually, the proposed route alignment is as follows; it will go from Lagos to Sagamu, Sagamu to Ijebu-Ode, Ijebu-Ode to Ore, Ore to Benin City, Benin-City to Sapele, Sapele to Warri, Warri to Yenogoa, Yenegoa to Port Harcourt, Port Harcourt to Aba, Aba to Uyo, Uyo to Calabar, Calabar to Akamkpa to Ikom, Obudu Ranch with branch lines from Benin-City to Agbo, Ogwashi-ukwu, Asaba, Onitsha and Onitsha Bridge and then Port Harcourt to Onne Deep Sea Port.He said the project was an old project which was inherited by current administration.

“This particular route is very important especially for our coastal economy; the cost of the project is $11.17 billion,’’ he said.

He added that the project is expected to be completed in six years.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

Related Posts:

  • FEC
    FEC approves $1.96bn rail line contract from Kano to…
  • Zainab-Ahmed 1
    FEC approves N895.5bn supplementary budget for…
  • FEC meeting
    FEC approves resumption of FCT N1 trn Land Swap Initiative
  • Fashola
    FEC approves N309.9 bn road contract to Dangote
Previous Post

NGX Daily Equities Market Report: Market gains for third consecutive days

Next Post

Common weight- loss drug successfully targets fat that can endanger heart health

Next Post
Common weight- loss drug successfully targets fat that can endanger heart health

Common weight- loss drug successfully targets fat that can endanger heart health

Please login to join discussion
  • Trending
  • Comments
  • Latest
Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

Crypto lender Celsius files for bankruptcy

Crypto lender Celsius files for bankruptcy

SpaceX Launches 28 Starlink Satellites in Pre-Dawn Falcon 9 Mission

Musk Becomes World’s First Trillionaire as Spacex Stock Soars 19%

Air Peace, FG Evacuate 262 Nigerians from South Africa Due to Xenophobic Attacks

Air Peace, FG Evacuate 262 Nigerians from South Africa Due to Xenophobic Attacks

Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

Conoil Reports 75% Profit Decline, Cuts Dividend to 200 Kobo

Conoil Reports 75% Profit Decline, Cuts Dividend to 200 Kobo

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2026 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved