Repairs to Kara Bridge expansion joints have paralyzed the Lagos-Ibadan Expressway again, with some commuters reaching home after 2 a.m. and engineers questioning past work.
Nigerians are feeling the pinch of rising prices, and the Central Bank is taking decisive action. Governor Dr. Olayemi Cardoso reaffirmed the Monetary Policy Committee's (MPC) commitment to keeping interest rates high to combat inflation. This comes after two significant interest rate hikes in 2024, pushing the benchmark lending rate to a record 24.75%.
Repairs to Kara Bridge expansion joints have paralyzed the Lagos-Ibadan Expressway again, with some commuters reaching home after 2 a.m. and engineers questioning past work.
A seven-vehicle crash at Kara Bridge left motorists on the Lagos-Ibadan Expressway trapped for more than 14 hours on Tuesday, with fares tripling on the route.
Aliko Dangote says petrol remains expensive despite local refining because his refinery buys crude at global prices, but promises Nigeria will face no shortages.