President Bola Ahmed Tinubu has said that Nigeria is on its way to food sovereignty due to the policies his administration has put in place. He made this statement on …
Infrastructure
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AgricultureEconomyFinance & ServicesGOVERNMENTInfrastructurePolicies
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BusinessDevelopmentELECTRICITYEnergyEnvironmentInfrastructureNigeria
Off-Grid Power in Lagos Now Bigger Than Nigeria’s National Grid, Says AFC Report
A new report from the Africa Finance Corporation (AFC) has revealed that off-grid and self-generated electricity in Lagos State has now surpassed the entire power output of Nigeria’s national grid. …
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DevelopmentEconomyEnvironmentGOVERNMENTPolitics
MOSOP Demands Probe of Missing $300 Million Ogoni Fund, Urges Tinubu to Act on Oil Crisis Compensation
The Movement for the Survival of the Ogoni People (MOSOP) has raised serious alarm over the alleged mismanagement of $300 million (about ₦480 billion) which was meant to improve infrastructure …
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AfricaDevelopmentEconomyGOVERNMENTInfrastructureInternational RelationsNigeria
PMI Warns African Governments to Improve Project Delivery as US Cuts $555m from African Development Fund
The Project Management Institute (PMI) has called on African governments, including Nigeria, to prioritise efficient project execution in response to a $555 million reduction in United States contributions to the …
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DevelopmentEconomyGOVERNMENTInfrastructureInnovationNigeria
SEDC Targets $1 Billion Asset Base by 2035, Launches Bold Programmes for Southeast Nigeria’s Economic Rebirth
The South East Development Commission (SEDC) has unveiled an ambitious economic transformation agenda aimed at driving long-term growth in Nigeria’s South East region. The plan, which includes building a $1 …
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AFRICA NEWSBusinessBusiness InsightsEconomyInfrastructureInternational RelationsManufacturingMarkets
Heidelberg Materials Records Strong Q1 Profits, Credits Growth in Africa
Heidelberg Materials, one of the world’s top cement producers, has started the 2025 financial year on a solid note, with better-than-expected earnings in the first quarter. The German company, which …
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BusinessEconomyINVESTMENTTechnology
World Bank backs Africa digital data push with $100 million Raxio deal
The World Bank’s private investment arm is making a major push into Africa’s digital economy with a $100 million investment in regional data centre developer and operator Raxio Group. This …
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BusinessDevelopmentEnergyINVESTMENT
African energy: Opportunities and challenges presented by Russia’s investments
Africa’s energy sector is drawing attention from powerful global players, with Russia positioning itself as a key partner. The continent, rich in oil, gas, and other natural resources, stands at …
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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. …
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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 …