The Lagos State Government has entered into a €170 million financing partnership with the European Investment Bank (EIB) to develop a sustainable and efficient waterborne transport system as part of efforts to improve urban mobility in the state. The agreement, signed on Friday at the headquarters of the Lagos State Waterways Authority (LASWA), marks the…
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has committed a total insured amount of $626 million to support the financing of the Lagos–Calabar coastal highway, Phase II. ICIEC, a Shariah-compliant multilateral credit and political risk insurer and a member of the Islamic Development Bank (IsDB) Group, announced the commitment in…
The National Automotive Design and Development Council (NADDC), trained 100 youths in mechatronics to repair petrol and CNG-powered tricycles and motorcycles in Zamfara State. The automotive centre in Gusau was commissioned on Thursday by the Honourable Minister of State for Industry, Senator John Owan Enoh. A statement by the governor’s spokesperson, Sulaiman Bala Idris, disclosed…
The nation’s drive to expand use of Compressed Natural Gas (CNG) received a boost following a strategic meeting between the National CNG Forum and the Office of the Secretary to the Government of the Federation (SGF). The conversation between the National CNG Forum and senior government officials focused on advancing President Bola Tinubu’s energy reforms,…
Rand Merchant Bank has concluded a landmark cross-border infrastructure project deal to finance critical regional transport assets from Nigeria to the Niger Republic. The bank acted as the Global Coordinator and initial Mandated Lead Arranger for the provision of $1.8bn to the Ministry of Finance for the development, construction and commissioning of the 374km Kano-Maradi…
TVS Motor Company has entered into a strategic partnership with Enviable Tricycle Auto Parts Ltd to strengthen the distribution of its products across Nigeria’s commercial transport sector. Under the agreement, Enviable Tricycle Auto Parts Ltd, a mobility and automotive solutions company with an expanding nationwide distribution network, will serve as an official distributor of TVS…
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has announced that the Federal Government is working towards launching direct cargo flight operations between China and Enugu before the end of the year. Keyamo disclosed this on Thursday during the unveiling of two Boeing 737-800 aircraft acquired by United Nigeria Airlines, stating that negotiations were…
The Federal Government has announced plans to create five million jobs from Nigeria’s maritime resources as part of efforts to maximise the economic potential of the country’s blue economy. President Bola Tinubu disclosed this on Wednesday during the opening ceremony of the 11th Our Ocean Conference held in Mombasa, Kenya. The president was represented at…
President Bola Ahmed Tinubu has commissioned a 7-kilometre access road linking Bill Clinton Drive to Tungan Madaki Settlement in the Federal Capital Territory (FCT), describing the project as a fulfilment of government’s promise to communities that surrendered their ancestral lands for the expansion of the Nnamdi Azikiwe International Airport. The road, which includes a four-span…
The Federal Government has announced plans to commit about ₦30 billion towards emergency repairs and long-term rehabilitation of the ageing Eko Bridge in Lagos, while also commencing preparations for the construction of a new Carter Bridge. The Minister of Works, Senator David Umahi, disclosed this on Thursday during an inspection tour of federal road and…
