Islamic Finance Institution Insures $626m Financing For Lagos-Calabar Coastal Highway

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…

FG Commissions Automotive Training Centre In Zamfara

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…

TVS Partner Enviable Tricycle To Boost Commercial Transport In Nigeria

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…

FG Plans ₦30bn Intervention To Stabilise Eko Bridge, Begins New Carter Bridge Project

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…

LagRide Hands Vehicles To Graduates In ‘Drive-To-Own’ Initiative

Ride-hailing and mobility platform, LagRide, has handed over vehicles to another batch of its Captains under the company’s Drive-to-Own programme, reaffirming its commitment to promoting dignified transportation and creating pathways to asset ownership for drivers in Lagos. The vehicle handover ceremony, tagged Drive-to-Own Graduation 2.0, was held at the LagRide in Lagos where government officials,…

Lagos, Lumi Partner To Promote Road Safety Education Among School Children

The Lagos State Government has partnered with children’s educational brand, Lumi, to strengthen road safety awareness among schoolchildren through an interactive learning initiative aimed at raising a generation of responsible and safety conscious road users. The partnership, championed by the Lagos State Commissioner for Transportation, Mr. Oluwaseun Osiyemi, featured a Road Safety and Transport Awareness…