TRANSPORT

Forbes named Lagos third worst city for drivers Forbes has named Lagos State, Nigeria as the third worst city for drivers in the world, with 60 per cent congestion and 10.70mph average speed. The Nigerian city was ranked third next to Karachi, Pakistan which has 59 per cent congestion, 11.20mph...

The China Civil Engineering Construction Corporation (CCECC) Tuesday said the phase one of a rail transit project in Nigeria's Abuja will be commissioned by December. The rail transit, which costs $823 million, has a length of 45 km with 12 designed passengers' stations, Project Manager Kong Tao told reporters who...

The Federal Government has promised that there will not be total ban of the importation of fairly used vehicles also known as tokunbo until a robust finance scheme is launched to enable Nigerians buy brand new ones, the Director General, National Automotive Design and Development Council (NADDC), Jelani Aliyu, has...

President Muhammadu Buhari has asked lawmakers to approve a plan for the government to borrow $7 billion through 2018 from abroad to develop railroads and support an economic recovery. The Export-Import Bank of China approved $6 billion of loans for railroad projects, including $3.5 billion to build a line connecting...

A total of 11, 363 road accidents were in Nigeria in 2016, the National Bureau of Statistics (NBS) has said. The bureau disclosed this in its 2016 Road Transport Data released on Thursday in Abuja. The report said that speed violation was reported as the major cause of the accidents...

The Federal Road Safety Commission (FRSC) said on Thursday that 50.8 per cent of road accidents in Nigeria were caused by tyre-burst. Saddiq Abdul-Rahman, the Unit Commander of Lagos Island, said this in his speech to motorists and commercial bus drivers at the annual `Ember Months’ Safety Campaign’ at the...

Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, has said that the fund would be utilised for the development of Lagos-Kano rail line and rail lines connecting the South and South-east parts of the country. Enelamah who said this on Thursday said that infrastructure development has attracted the highest...

The House of Representatives has said that it will investigate a railway concession the government wants to grant to U.S. firm General Electric over possible procedural violations by Nigerian officials, lawmakers said on Tuesday. According to Reuters’ report monitored by Business247 News Online,the government and the GE have confirmed talks...

South Africa has come last in a poll of 30 countries and economies – drawn from Africa, Asia, Europe, Australasia, North America and South America – when measuring financial knowledge. According to the Organisation for Economic Co-operation and Development (OECD), adults in many countries around the world display low levels...

The Federal Government has signed up China Civil Engineering Construction Corp (CCECC) to modernise and build railways in the north and south of the country. Growth in the country has been stunted for decades by a lack of enough investment in roads and railways. According to Reuters’ report monitored by...