Nigeria wants a road to rival the Pacific Coast highway. A prime Lagos beach resort stands in the way
CNN
When Lagos state authorities notified Nigerian business mogul Paul Onwuanibe in late March that he had seven days to leave his multimillion-dollar beach resort so it could be torn down, he thought it was an April Fools’ Day hoax come early.
When Lagos state authorities notified Nigerian business mogul Paul Onwuanibe in late March that he had seven days to leave his multimillion-dollar beach resort so it could be torn down, he thought it was an April Fools’ Day hoax come early. Onwuanibe, 58, was told in a government letter that his Landmark Beach resort – a top-tier destination visited, he says, by about a million local and foreign visitors last year – had to be removed as it “falls within the right of way” of a planned 700-kilometer (435-mile) coastal highway designed to link the former capital city to Calabar, a port city near the border with Cameroon. Onwuanibe told CNN he had obtained the land in 2007 before the plans for the coastal highway were drawn up, and felt a mix of emotions after receiving the demolition order, which also urged him to file compensation claims. “One was amazement, second was concern and the third one was, ‘is this real or is this an April Fools’ (Day prank in) advance?’” Onwuanibe leads Landmark Group, a real estate developer and a key player in Nigeria’s tourism and hospitality industries. The group’s leisure beach, listed among Nigeria’s best seven beaches in 2023 by the Lonely Planet travel guide, is a lucrative part of the 13-hectare mixed-use Landmark site along the Atlantic Ocean beachfront in Lagos’s affluent Victoria Island area.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
The European Central Bank on Thursday cut its main interest rate again, citing falling inflation.
Hooters has abruptly closed dozens of locations just a few months after the chicken wing chain filed for bankruptcy and proclaimed it wasn’t “going anywhere.”
Procter & Gamble said Thursday it would cut 7,000 jobs or about 6% of its total workforce over the next two years, as part of a new restructuring plan to counter uneven consumer demand and higher costs due to tariff uncertainty.
The European Union has urged China to ease restrictions on rare earth materials – critical for everything from cars to washing machines – after Beijing’s export controls disrupted supplies and triggered production turmoil across industries in Europe and America.
American businesses are fed up with President Donald Trump’s major
Elon Musk’s 36-word social media missile directed at the cornerstone of President Donald Trump’s legislative agenda marked the latest, if most visceral, example of a growing problem for the White House.
High economic uncertainy has hiring grinding to a halt at US businesses.
The owner of Pornhub has suspended access to the website for users in France because of its objections to a new French law requiring pornographic sites to verify the age of their users, the country’s communications regulator said Tuesday.
While many US businesses are shifting manufacturing to southeast Asian countries to avoid heavy tariffs on China, the Dominican Republic has emerged as an attractive option thanks to its “free zones” and proximity to the US.
US President Donald Trump said Chinese leader Xi Jinping was “extremely hard to make a deal with” in a comment that comes as frictions rise between the two countries, weeks after they reached an agreement to de-escalate trade tensions.
The CEO of Google’s AI research arm DeepMind isn’t too worried about an AI “jobpocalypse.”
US tariffs on steel and aluminum doubled to 50% as of 12:01 am ET on Wednesday, a move cheered by the beleaguered US steel industry but decried by heavy users of the metals, from car makers to can manufacturers.
Warner Bros. Discovery shareholders voted on Tuesday to reject the pay packages for several of the company’s executives, including CEO David Zaslav’s compensation package of more than $50 million.