The Ministry of Works, in collaboration with the Lagos State government, initiated the Emergency Repairs of the Third Mainland Bridge on Wednesday. During the flag-off ceremony, Minister of Works, Mr. David Umahi, and Deputy Governor of Lagos, Dr. Obafemi Hamzat, announced that the emergency rehabilitation would incur a cost of over N21.074 billion. The sum Read More…
A Federal Capital Territory (FCT) High Court has issued an interim order restraining South African company Novare and its subsidiaries, owners of retail malls including Shoprite malls in Nigeria, from selling their assets in the country. The order was granted by Justice Peter Kekemeke following an ex-parte motion filed by the Nigerian partners of Novare Read More…
Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), announced that the Abidjan-Lagos highway corridor has attracted investment interest amounting to $15.5 billion. Adesina made this announcement during the 2023 Africa Investment Forum (AIF) Market Days in Marrakech, Morocco, themed “Unlocking Africa’s Value Chains.” Adesina emphasised the transformative potential of the corridor, stating that Read More…
President Bola Tinubu is set to embark on a journey to Riyadh, Saudi Arabia, on Thursday to participate in the inaugural Saudi-Africa Summit. This was revealed by Presidential spokesman Ajuri Ngelale in a statement issued on Wednesday in Abuja, indicating that the summit is scheduled to take place in Riyadh on Friday. Ngelale highlighted that Read More…
In a recent development, the Inspector-General of Police (IGP), Mr Kayode Egbetokun, has issued directives for the posting and redeployment of key police personnel. The Force Public Relations Officer, ACP Olumuyiwa Adejobi, confirmed this significant move, stating that it aligns with the Force’s commitment to fostering a professionally competent, service-driven, rule-of-law-compliant, and people-friendly police force. Read More…
In a private sector ESG forum in Lagos themed “Is the Private Sector Accountable: A case for sustainable practices?”, Governor Babajide Sanwo-Olu and private sector stakeholders underscored the imperative of collaboration to integrate Environmental, Social, and Governance (ESG) principles into manufacturing operations, thereby driving the circular economy. Represented by his Special Adviser on Sustainable Development Read More…
As the Naira grapples with ongoing volatility, stakeholders are urging a boost in local production of goods and services as a key strategy to fortify the currency. The News Agency of Nigeria (NAN) highlights the recent breach of the N1,000 to the dollar threshold at the parallel market, coupled with significant weakening at the official Read More…
In the absence of Donald Trump, his rivals for the Republican presidential nomination convened for the third time on Wednesday night, aiming to chip away at the former president’s strong lead in opinion polls. While some contenders, including Florida Governor Ron DeSantis and former U.N. Ambassador Nikki Haley, briefly criticised Trump, the event seemed unlikely Read More…
In the midst of intense conflict, Israeli forces engaged Hamas militants in Gaza City on Thursday, navigating through buildings scarred by shell blasts. Simultaneously, representatives from around 80 countries and organisations convened in Paris to coordinate humanitarian aid and explore avenues to assist civilians trapped in the siege. Residents in Gaza City reported ongoing battles Read More…
In a commanding display on Wednesday, Arsenal regained their winning form with a straightforward 2-0 triumph over Sevilla, taking a significant stride towards qualification for the Champions League knockout rounds. After setbacks in the League Cup and Premier League, goals from Leandro Trossard and Bukayo Saka solidified Arsenal’s standing as Group B leaders. Trossard found Read More…
