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Dangote picks power over steel with a $10 billion bet on Africa’s grid

Aliko Dangote says his group will invest more than $10 billion in electricity across Africa within four years, possibly cancelling its steel ambitions to fund it.

CNG rollout: States race to cut transport fares before Oct. 1 as queues and N1 million conversion costs bite

Nigerian states are racing to cut transport fares through CNG before Oct. 1, but long queues and conversion costs of up to N1 million are slowing operators.

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Many Injured as Gunmen Attack Communities Near FUTO in Imo State

KEY POINTS • Several residents were injured after gunmen attacked communities in Owerri West Local...

Abdullahi accuses Tinubu of running ‘Ponzi economy’ on fresh loan

ADC's Bolaji Abdullahi accused the Tinubu administration of running a 'Ponzi economy' after the federal government sought another $1.25 billion World Bank loan.

FMDA forecasts 16.42 percent April inflation in Nigeria

FMDA projects Nigeria's headline inflation to rise to 16.42 percent in April from 15.38 percent in March as food and fuel prices climb.

NEITI flags rising illicit financial flows in Nigeria’s mining sector

NEITI said weak regulation, illegal mining and opaque ownership are driving illicit financial flows in Nigeria's solid minerals sector.

Abuja Residents Protest Alleged Takeover Of Jabi Lake Park

KEY POINTS Abuja residents and activists protested the alleged takeover of Jabi Lake Park...

Activist Wong Box Petitions IGP, PSC Over Alleged Police Misconduct in Delta

KEY POINTS Activist Victor Ojei, popularly known as Wong Box, petitioned the IGP and...

Boko Haram Faction Beheads Captives After Failed Escape Attempt In Borno

KEY POINTS Boko Haram fighters reportedly beheaded more than seven captives after a failed...

Dangote rejects NNPC’s bid to lift refinery stake, plans public listing

Aliko Dangote rejected NNPC's bid to lift its 7.25 percent refinery stake, saying his $20 billion Lekki plant plans a public listing for ordinary Nigerians.

NYSC Member Detained in Ilorin Over Podcasts Questioning Kwara Bridge Rehabilitation

KEY POINTS NYSC member Segun Ajibare was reportedly detained in Ilorin after publishing podcasts...

EFCC Arrests Energy Commission DG Over Alleged N500bn Money Laundering Scheme

KEY POINTS EFCC has arrested Energy Commission DG, Mustapha Abdullahi, over alleged money laundering...

Lagos to Introduce State-Issued Driver’s Licence to Improve Traffic Management

KEY POINTS Lagos State plans to launch a state-issued driver’s licence pending Governor Sanwo-Olu’s...

Agama puts AI, data at center of Nigeria’s capital market reform

SEC Director-General Emomotimi Agama said data, AI and technology will drive Nigeria's capital market reforms and reach 20 million retail investors through fintech integration.

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Dangote picks power over steel with a $10 billion bet on Africa’s grid

Aliko Dangote says his group will invest more than $10 billion in electricity across Africa within four years, possibly cancelling its steel ambitions to fund it.

CNG rollout: States race to cut transport fares before Oct. 1 as queues and N1 million conversion costs bite

Nigerian states are racing to cut transport fares through CNG before Oct. 1, but long queues and conversion costs of up to N1 million are slowing operators.

Nigeria flood alert: 8,000 communities and 4,500 schools in 15 states at risk this week

Nigeria's hydrological agency warns that more than 8,000 communities and 4,500 schools across 15 states face flooding between Sept. 19 and 25 as rivers rise.

Cross River police arrest vigilante over $5,000 robbery and shooting

Cross River police have arrested a vigilante member accused of shooting a villager in Etung and robbing him of $5,000; a locally made pistol was recovered.