The Federal Capital Territory (FCT) Administration has proposed a total of N137 billion as capital expenditure for the Satellite Towns Development Department (STDD) in the 2025 statutory budget, reflecting a …
Transportation & Logisitics
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DevelopmentEconomyGOVERNMENTInfrastructurePoliticsTransportation & Logisitics
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Banking, Finance & InvestmentBusiness and EconomyEastern AfricaEconomyEnergyHealthcareTransportation & Logisitics
Uganda Signs $800 Million Deal with Islamic Development Bank for Key Infrastructure Projects
Uganda has secured a $800 million financing agreement with the Islamic Development Bank (IsDB) to fund major infrastructure projects aimed at boosting trade and development across the country. The deal …
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DevelopmentGOVERNMENTNigeriaSecurityTANZANIATransportation & Logisitics
Nigeria, Tanzania Deepen Maritime Ties, Back IMO Council Bid
The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Tanzania Shipping Agencies Corporation (TASAC) have agreed to strengthen bilateral cooperation in key areas of maritime operations, including port and …
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BusinessBusiness InsightsEastern AfricaEconomyEnergyNigeriaNorth AfricaOil & GasSouth AfricaTransportation & LogisiticsWestern Africa
Petrol Price Rises 76.73% in One Year, Now N1,239/Litre – NBS
The average pump price of Premium Motor Spirit (PMS), also known as petrol, jumped by 76.73 per cent year-on-year in April 2025, reaching N1,239.33 per litre, according to data released …
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EconomyEnergyGOVERNMENTLabourNigeriaOil & GasPoliciesTransportation & Logisitics
FG Bans Night Movement for Fuel Tankers, Sets New Safety Rules
The Federal Government has stopped fuel tankers from moving at night as part of new safety measures in the petroleum transport sector. This was announced by the Nigerian Midstream and …
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AfricaBusinessDevelopmentEconomyInfrastructureINVESTMENTNigeriaTrade and CommerceTransportation & Logisitics
APM Terminals Calls for Stronger Public-Private Partnerships to Boost Infrastructure and Growth in Africa
APM Terminals has said that Africa can only achieve lasting infrastructure, inclusive job creation, and sustainable economic growth through strong partnerships between government and private companies. This was the main …
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EnvironmentInfrastructureNigeriaTransportation & Logisitics
NRC Begins Repairs on Osogbo Narrow Gauge Line Ahead of Sallah Travel Rush
The Nigeria Railway Corporation (NRC) has announced the commencement of urgent repairs on a flood-damaged section of its narrow gauge rail line in Osogbo, Osun State, ahead of the anticipated …
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AfricaAviationDevelopmentEconomyGOVERNMENTInfrastructureNigeriaPoliciesTransportation & Logisitics
Festus Keyamo Urges African Nations to Take Action on Single African Air Transport Market
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has urged African countries to go beyond policy declarations and take real steps towards implementing the Single African Air Transport Market …
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AviationBusinessBusiness InsightsBusiness PoliciesEconomyGOVERNMENTInfrastructureInternational RelationsINVESTMENTNigeriaPoliciesTrade and CommerceTransportation & Logisitics
Nigerian Airlines Struggle to Compete in N8 Trillion International Market Due to Low Capacity
Nigerian airlines are currently missing out on a major opportunity to earn revenue from the international air travel market, which is estimated to be worth over N8 trillion. The main …
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BusinessBusiness InsightsBusiness PoliciesEconomyGOVERNMENTNigeriaPoliciesTransportation & LogisiticsWestern Africa
NIMASA Confirms 8-Year Loan Tenure, Single-Digit Interest for Cabotage Vessel Financing Fund
The Nigerian Maritime Administration and Safety Agency (NIMASA) has confirmed that the long-awaited Cabotage Vessel Financing Fund (CVFF) will be disbursed under an eight-year repayment plan with a single-digit interest …