Business Economy Metro Top Story

Sanwo-Olu harps on regional integration for socio-economic propserity

Lagos State Governor, Mr. Babajide Sanwo-Olu, has stated that unlocking the potential of the Southwest would depend on the commitment of regional governments to stronger alliances and exploration of evidence-driven solutions for sustainable development. Speaking at the two-day Southwest Investment Promotion Agencies Conference (IPAC-1) in Ikeja, the Governor explained that the forum was informed by Read More…

COVID19 Health Top Story World

Dozens of firms to make cheap version of Merck COVID pill for poorer nations

Nearly 30 generic drugmakers in Asia, Africa and the Middle East will make cheap versions of Merck & Co’s (MRK.N) COVID-19 pill, under a landmark U.N.-backed deal to give poorer nations wider access to a drug seen as a weapon in fighting the pandemic. Merck’s early greenlight to the production of its anti-viral pill molnupiravir Read More…

Nigeria Power Top Story

FG to install 5million Solar Home System

The Federal Government says it plans to install a five million Solar Home System (SHS) and Mini-Grid across the country to provide electricity to unserved and underserved citizens. Mr Nebeolisa Anako, Permanent Secretary, Ministry of Power, made this known in a statement by Mr Mathew Dan’asabe, Senior Information Officer, in the ministry in Abuja on Read More…

Environment Top Story World

Global energy transition to cause short-term economic pain -report

The transition to clean energy required to prevent temperatures from rising swiftly could shave 2% off global GDP by 2050 but is likely recoverable before the end of the century, a report by natural resources consultancy Wood Mackenzie said on Thursday. While investments in technologies like solar and wind farms, advanced batteries will generate jobs, Read More…

Business Metro SMEs

Lagos charges MSMEs Council to create more capacity-building programmes

Lagos State Government has charged the State Council on Micro, Small and Medium Enterprises (MSMEs) to create and drive programmes that would enhance the capacities of MSMEs to deliver on their mandate. Addressing members of the MSMEs in Ikeja at Quarterly Council Meeting on Wednesday, the Commissioner for Commerce, Industry and Cooperatives, Dr. Lola Akande, Read More…

Agriculture Business Metro

Lagos to establish 500-hectare coconut plantation estate

Lagos State Government is planning to establish a 500-hectare coconut plantation estate to boost production. The General Manager, Lagos State Coconut Development Authority, Mr Dapo Olakulehin, told the News Agency of Nigeria (NAN) in Lagos on Thursday that the estate would be dedicated to planting, processing and packaging of coconut. Olakulehin said that the agency Read More…

Infrastructure Metro Top Story

Lagos acquires 10-car speed trains for Red Line project

Lagos State Government has acquired two 10-car Talgo 330kmph speed trains for its Red Line rail project. The state Gov. Babajide Sanwo-Olu had on Tuesday completed an acquisition deal of the trains at an event inside the Milwaukee facilities of Spanish train manufacturer, Talgo Incorporated, in the U. S. The trains will be heading for Read More…