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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

Raw exports mean we’re exporting jobs, RMRDC chief warns

RMRDC Director-General Nnanyelugo Ike-Muonso says Nigeria must abandon raw material exports for value addition and innovation if the country wants a real industrial renaissance.
Business

Lagos Boosts Small Businesses with N8.4bn Loan in Four Years

Lagos State, the commercial hub of Nigeria, has injected N8.4 billion into the growth...
Business

Boosting Non-Oil Trade: Sterling Bank and Afreximbank Ink $75 Million Deal

Sterling Bank Plc, one of Nigeria’s leading commercial banks, has signed a $75 million...
News

Tinubu Seeks Investment Opportunities at Riyadh Summits

President Bola Tinubu of Nigeria is set to attend two major summits in Riyadh,...
Business

West Africa Loses Billions to Trade Barriers Along Lagos-Abidjan Highway

The Lagos-Abidjan highway, a 1,028-km road project that aims to connect five coastal countries...
Business

Nigeria’s Industrialisation Dream Fades as Naira Hits Record Low 

Nigeria, Africa’s largest economy, is facing a crisis of industrialization as its currency, the...

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News

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.
News

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.