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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.
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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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Umahi awards N545bn Carter Bridge rebuild to CCECC

Works Minister David Umahi handed the N545 billion Carter Bridge reconstruction contract to CCECC and ordered an emergency closure of one Eko Bridge carriageway.
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Oyedele opens talks to clear FG contractor debt backlog

Finance Minister Taiwo Oyedele opened talks with indigenous contractors in Abuja, pledging a transparent and structured plan to settle the Federal Government's outstanding debts.
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Nestoil denies First Bank dividend blame, eyes legal action

Nestoil rejected reports linking it to First Bank's dividend halt, blamed a CBN forbearance directive, and threatened defamation suits against banks and media.
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Ovia Steps Down as Zenith Bank Chairman After 12 Years

KEY POINTS Jim Ovia retired as chairman of Zenith Bank after completing the mandatory...
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African nations threaten retaliation over S’Africa attacks

African nations including Tanzania, Botswana and Nigeria are threatening retaliatory action against South Africa over a fresh wave of xenophobic attacks targeting foreign nationals.
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Gunmen Abduct Two IBEDC Workers in Ogun

KEY POINTS Two IBEDC workers were abducted by gunmen while on duty in Ogun...
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NYSC Member, Three Others Killed in Bandit Attack on Katsina Highway

KEY POINTS Four people, including an NYSC member, were killed in a bandit attack...
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Boko Haram Agrees to Release 50 Hostages Amid Fears for Hundreds Still Held

KEY POINTS A faction of Boko Haram agreed to release 50 women and children...
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Police Launch Search for Abducted 17-Year-Old FUTO Student

KEY POINTS A 17-year-old student of Federal University of Technology Owerri was abducted in...
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Ayeni Remanded in Kuje Over Alleged N8bn Money Laundering Case

KEY POINTS Tunde Ayeni has been remanded in Kuje prison after pleading not guilty...
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Kano Set to Swear In New Deputy Governor Garo

KEY POINTS Murtala Sule Garo has been confirmed and is set to be sworn...
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Ogun Pilgrims Arrive Saudi Arabia as Gateway Airport Records First International Flight

KEY POINTS Gateway International Airport recorded its first international flight, transporting Ogun pilgrims for...
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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.
News

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.
News

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.
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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.