Wisdom Kwati Smart City has announced the commencement of construction on its second mega estate in Yola, Adamawa State. The project, named Brilliance Estate, is set to deliver over 15,000 …
Western Africa
- Business and EconomyDevelopmentInfrastructureNigeriaReal EstateWestern Africa
- GOVERNMENTHealthcareNigeriaWestern Africa
FCT Minister Approves Recruitment of 34 Resident Doctors for Training
The Minister of the Federal Capital Territory (FCT), Mr. Nyesom Wike, has approved the recruitment of 34 resident doctors for a seven-year training program aimed at improving healthcare services in …
- BusinessFinance & ServicesHospitality, Travel & TourismINVESTMENTNigeriaWestern Africa
Ikeja Hotels’ Profit Soars 247% as Occupancy Rates Surge
Ikeja Hotels Plc, one of Nigeria’s top hospitality companies, has reported a remarkable 247% increase in after-tax profit, reaching ₦7.2 billion for the year ending December 31, 2024, up from …
- Banking, Finance & InvestmentDevelopmentEconomyINVESTMENTNigeriaWestern Africa
JP Morgan Eyes Merchant Banking Expansion in Nigeria
JP Morgan is set to expand its footprint in Nigeria by upgrading its Lagos representative office into a full-fledged business branch. The US banking giant plans to apply for a …
- EconomyFinance & ServicesGOVERNMENTNigeriaPoliciesWestern Africa
Naira Strengthens as Nigeria’s Foreign Reserves Hit Three-Year High
Nigeria’s naira recorded its biggest gain in two weeks, appreciating by 0.6% to 1,530 per dollar as of 11:15 a.m. in Lagos on Wednesday, according to Bloomberg-tracked BMAT spot trading. …
- Banking, Finance & InvestmentEconomyGOVERNMENTNigeriaWestern Africa
CBN Denies Introduction of N5,000, N10,000 Banknotes
The Central Bank of Nigeria (CBN) has debunked a viral report claiming it has introduced N5,000 and N10,000 banknotes to facilitate cash transactions. The apex bank, in a statement released …
- EconomyGOVERNMENTInfrastructureNigeriaTransportation & LogisiticsWestern Africa
Lagos Traffic Gridlock as FG Begins Independence Bridge Repairs
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 …
- Business and EconomyEnergyGOVERNMENTLeadershipNigeriaWestern Africa
Tinubu Sacks NNPC Board, Appoints New Leadership
President Bola Tinubu has dissolved the board of the Nigerian National Petroleum Company (NNPC), including Group Chief Executive Officer Mele Kyari and board chairperson Pius Akinyelure. In a statement by …
- Business and EconomyFinance & ServicesGOVERNMENTINVESTMENTNigeriaWestern Africa
NSIA Boosts Net Assets to N4.35 Trillion in 2024
The Nigeria Sovereign Investment Authority (NSIA) has recorded significant growth in its net assets for the 2024 financial year, nearly doubling despite global economic uncertainties. In a statement signed by …
- 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 …