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The Federal Government has postponed the commencement of the train services on the Port Harcourt to Maiduguri rail line till April.
The Port Harcourt-Aba rail project is part of the larger Port Harcourt-Maiduguri rail project initiated by former President Muhammadu Buhari’s administration.
It was meant to commence operations by the end of March.
Meanwhile, contrary to the initial announcement, the Minister for Transportation, Saidu Alkali, announced the new date in Port-Harcourt on Friday shortly after inspecting the reconstructed rail tracks.
NSIA records 1122% rise in income
The Nigeria Sovereign Investment Authority, managers of the country’s Sovereign Wealth Fund, has announced a 1,122 per cent increase in its total comprehensive income, which closed at N1.18trn for 2023, relative to N96.96bn reported in 2022.
Total Comprehensive Income (excluding foreign exchange gains) rose from N21.39bn in the previous year to N164.69bn, marking a 670 per cent increase which was attributed to the Authority’s robust strategic asset allocation and adherence to best-in-class enterprise risk management processes.