The Minister of Works, Engr. David Umahi, has officially reopened the Independence Bridge in Lagos for public use after emergency repairs were carried out on a collapsed section. The reopening …
Western Africa
- GOVERNMENTInfrastructureNigeriaTransportation & LogisiticsWestern Africa
- EconomyEnergyFinance & ServicesNigeriaOil & GasWestern Africa
Oil Price Falls by $10, Puts Pressure on Nigeria’s Economy
Nigeria’s economy has been hit with a fresh challenge as the price of crude oil dropped by $10 per barrel, raising concerns about the country’s financial stability and budget performance. …
- Business and EconomyEnergyGOVERNMENTNigeriaOil & GasWestern Africa
Adesua Dozie, Three Others Appointed to NNPC Management as Reshuffling Continues
The Nigerian National Petroleum Company (NNPC) Limited has appointed Adesua Dozie and three others into top management positions, as part of an ongoing shake-up aimed at boosting efficiency and attracting …
- Business and EconomyDevelopmentInfrastructureNigeriaReal EstateWestern Africa
Wisdom Kwati Smart City to Commence Construction of Second Mega Estate in Yola
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 …
- 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 …