Business A.M
No Result
View All Result
Thursday, May 28, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Finance

Reps summon Ameachi, others over railway contracts, $500m China loan

by Admin
July 29, 2025
in Finance

The House of Representatives is beaming its searchlight on the Nigeria Railway Corporation over its planned $500 million loan request from China for railway line construction in the country.

The House has therefore summoned the Rotimi Amaechi, minister of transportation; Ali Pantami, minister of communication technology; and Zainab Ahmed, the minister of finance, over the $500 million loan to be sourced from the Export-Import Bank of China for construction of railway lines and other projects in the country.

Patience Oniha, the director general, Debt Management Office (DMO), Patience Oniha, is to also appear before the committee alongside the ministers. Ossai Nicholas, chairman, house committee on treaties, protocols and agreements, gave the summons on Tuesday.

He said the ministers are to appear on August 17 with details of the contracts concerned as well as the agreements signed between the Federal Ministry of Transport and the CCECC on the Abuja-Kaduna, Lagos-Ibadan, Ibadan-Kaduna and Kaduna-Kano rail lines.

Admin
Admin
Previous Post

FG saves N4bn daily through IPPIS — AGF

Next Post

Nigerian banks to face rising cost, revenue shortfall-analysts

Next Post

Nigerian banks to face rising cost, revenue shortfall-analysts

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Oil retreats below $100 as Iran-U.S. tensions cloud Hormuz reopening

Oil retreats below $100 as Iran-U.S. tensions cloud Hormuz reopening 

May 27, 2026
Okomu Oil revenue jumps 60% to N172.6bn

Okomu Oil revenue jumps 60% to N172.6bn on demand growth

May 27, 2026
Fidelity Bank

Fidelity Bank Plc profit declines 18% as interest expense jumps 90%

May 27, 2026
World Bank turns to capital markets with IFC’s first $510m CLO

World Bank warns of rising hunger risk as food prices rise after Hormuz closure

May 27, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Oil retreats below $100 as Iran-U.S. tensions cloud Hormuz reopening

Oil retreats below $100 as Iran-U.S. tensions cloud Hormuz reopening 

May 27, 2026
Okomu Oil revenue jumps 60% to N172.6bn

Okomu Oil revenue jumps 60% to N172.6bn on demand growth

May 27, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M