Telecommunications operators in Nigeria have placed orders worth over $1 billion for new network infrastructure from original equipment manufacturers in China, as part of efforts to overhaul and improve the …
Infrastructure
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EconomyInfrastructureINVESTMENTMobile Telecommunications Network (MTN)NigeriaTechnologyTelecommunications
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AFRICA NEWSDevelopmentEconomyFinance & ServicesInfrastructureINVESTMENTLeadershipPolitics
Race Tightens for AfDB President as Five Candidates Share Plans for Africa’s Future
The race to lead the African Development Bank (AfDB) is getting hotter as the date for the election draws near. The current president of the bank, Nigeria’s Dr. Akinwumi Adesina, …
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EconomyEnergyInfrastructureNigeriaOil & Gas
Refineries: Experts Question NNPCL Over Transparency, Efficiency
There is fresh controversy surrounding Nigeria’s state-owned refineries, as industry experts and oil marketers continue to question the Nigerian National Petroleum Company Limited (NNPCL) over the poor performance of the …
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BusinessDevelopmentEconomyInfrastructureManufacturing
FG eyes steel import reduction with Ogun plant
The Federal Government has moved to cut Nigeria’s $4 billion yearly steel import bill with the groundbreaking of the $400 million Stellar Steel Plant owned by Inner Galaxy Group. The …
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AfricaBusinessEconomyFEATURED NEWSInfrastructureNigeriaReal EstateWestern Africa
Meritabode Unveils Emerald Haven Estate to Tackle Nigeria’s Housing Deficit
Meritabode Nigeria Limited, a top real estate company in the country, has launched a new estate project named Emerald Haven Estate to help reduce Nigeria’s growing housing deficit. Speaking at …
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The Chairman of Sparklight Construction Company, Mr. Toyin Adeyinka, don call on government and stakeholders make dem give more power to engineering regulatory bodies so that dem go fit discipline …
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EconomyEnergyGOVERNMENTInfrastructurePolicies
Nigeria cuts electricity subsidies by 35% after tariff hike
The Federal Government says it has successfully reduced electricity subsidies by 35% following a new electricity tariff hike that was introduced last year for high-power consumers. Nigeria’s Minister of Power, …
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BusinessInfrastructureInnovation
Julius Berger Named Best Construction Company of the Decade in West Africa
Julius Berger Nigeria Plc has been recognised as the Best Construction and Infrastructure Company of the Decade. The announcement was made at the West Africa Innovation Awards, an event aimed …
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The Lagos Chamber of Commerce and Industry (LCCI) has expressed serious concern about the feasibility of funding Nigeria’s capital expenditure in the 2025 national budget, warning that the current fiscal …
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DevelopmentEconomyFinance & ServicesInfrastructureNigeria
FSD Africa Commits £10m to Unlock Pension Funds for Nigeria’s Green Infrastructure
FSD Africa Investments (FSDAi), a UK-backed development finance institution, has committed £10 million to the ARM-Harith Climate and Transition Infrastructure Fund (ACT Fund) as part of efforts to unlock Nigerian …