Lagos residents faced heavy traffic congestion on Wednesday following the unexpected closure of the Independence Bridge for repairs. The situation was worsened by an early morning downpour, leaving commuters stranded …
Infrastructure
- EconomyGOVERNMENTInfrastructureNigeriaTransportation & LogisiticsWestern Africa
- AviationDevelopmentEconomyGOVERNMENTInfrastructureNigeriaWestern Africa
Abia Airport Project to Employ Local Workers—Craneburg
CRANEBURG Construction Company, the consultants for the Abia airport project, has assured that skilled and unskilled workers from the host community, Nsulu in Isialangwa North Local Government Area, will be …
- EconomyEnergyFinance & ServicesGOVERNMENTInfrastructureNigeriaWestern Africa
Nigeria Secures $500 Million World Bank Loan to Boost Economic Resilience
In a bid to tackle pressing economic challenges, Nigeria has secured a $500 million loan from the World Bank to support its Community Action for Resilience and Economic Stimulus Program. …
- EnvironmentInfrastructureINVESTMENTNigeriaTransportation & LogisiticsTravel & TourismWestern Africa
Lagos State Launches Omi Eko Project to Attract £410 Million Investment
The Lagos State Government has initiated the Omi Eko project, a comprehensive plan aimed at revitalizing the state’s waterways and attracting £410 million in investments. The project seeks to enhance …
- Business and EconomyFinance & ServicesGOVERNMENTInfrastructureNigeriaPoliciesWestern Africa
Nigeria’s DMO to Issue N300bn Sukuk Bond for Infrastructure Projects
The Debt Management Office (DMO) has announced plans to issue a N300 billion Sukuk bond to fund infrastructure projects across Nigeria. This move is part of the government’s strategy to …
- EconomyInfrastructureNigeriaTransportation & LogisiticsWestern Africa
Rewane Advocates Road Concessions to Strengthen Naira and Reduce Inflation
Bismarck Rewane, the Managing Director of Financial Derivatives Company Limited, has emphasized that concessioning Nigeria’s major roads could play a crucial role in reducing inflation, enhancing productivity, and stabilizing the …
- EconomyEnergyGOVERNMENTInfrastructureNigeriaWestern Africa
Federal Government Allocates N471.69 Billion for Electricity Subsidies in Q4 2024
The Federal Government of Nigeria has provided N471.69 billion in subsidies to support the nation’s electricity sector during the fourth quarter of 2024. This subsidy accounts for approximately 57% of …