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Naira closes week stronger at N1,534.72/$ 

CBN’s new diaspora remittance rules to open market

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Middle East conflict threatens Nigeria’s economy – Cardoso

Business

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Tag: Lagos-Calabar Coastal Highway

[ICYMI] Lagos-Calabar highway: Telcos express concerns over threats to cables
Economy featured

Lagos-Calabar coastal road to boost Nigeria’s GDP to $14trn — Experts

Experts have projected that the 750-kilometre Lagos-Calabar Coastal Road could transform Nigeria into a multi-trillion-dollar economy, raising the nation’s Gross Domestic Product from the current under $400 billion to between $1.4 trillion and $14 trillion over the next 50 years. The Development Agenda for Western Nigeria and the BRACED Commission, comprising Bayelsa, Rivers, Akwa Ibom, […]

Policy and Regulations

Lagos taskforce seizes 50 motorcycles, 10 vehicles along coastal highway

The Lagos State Taskforce has launched a renewed enforcement drive along the Lagos–Calabar Coastal Road corridor, targeting commercial motorcycles, traffic violations including one-way driving, and illegal structures. The operation resulted in the confiscation of over 50 motorcycles and the arrest of 10 vehicles for various traffic offences. This development was revealed through videos posted on […]

Umahi threatens MTN over Enugu-Onitsha road, orders N15bn monthly payment
Transportation

Lagos-Calabar Highway is taking shape, Umahi assures

The Minister of Works, Senator Dave Umahi, has said that the Lagos-Calabar Coastal Highway is already serving its intended purpose as the Federal Government intensifies efforts to complete Section One of the project. Umahi made the remark on Saturday during an inspection tour of the highway. “I am very eager to see how we can […]

featured Transportation

Tinubu hails $1.26bn Lagos–Calabar Highway deal

President Bola Tinubu has praised the successful conclusion of a 1.26 billion dollar financing agreement for Phase 1, Section 2 of the Lagos–Calabar Coastal Highway, describing the development as a significant boost to Nigeria’s ongoing infrastructure expansion efforts. The commendation was contained in a statement released on Friday by the President’s Special Adviser on Information […]

Nigeria is entering an era of concrete highways - FG
Transportation

FG partially opens Lagos-Calabar coastal highway for festivities

The Federal Government has brought relief to commuters in Lagos, particularly during the festive season, by announcing the temporary opening of a major section of the Lagos–Calabar coastal highway. This accessible stretch constitutes Section 1 of the massive project and covers a significant distance of 47 kilometres. The temporarily opened road runs from the Ahmadu […]

FG terminates Benin–Warri road contract over abandonment
Transportation

Lagos-Calabar coastal highway extended by 100km to include Edo

The Federal Government has approved an additional 100 kilometers to the Lagos-Calabar coastal highway, allowing it to pass through Edo State, South-South Nigeria. This extension increases the total length of the highway to 800km and brings the number of covered states to nine. Nigeria’s Minister for Works, David Umahi, disclosed this development at an Independence […]

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