City Transport Infrastructure Metro Top Story

Lagos Red Line rail ready for inauguration: Sanwo-Olu takes test run

Lagos State Governor Babajide Sanwo-Olu conducted a test run of the Red Line train on Saturday, meticulously inspecting the tracks and rail corridors. This prelude comes ahead of the formal commissioning scheduled for next Thursday, where President Bola Ahmed Tinubu will inaugurate the Lagos Rail Mass Transit (LRMT) infrastructure along with its stations and ancillary Read More…

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Business Forex Monetary Policy Top Story

Naira hits new record low amid dollar truggle

Despite Central Bank efforts, currency plunges below parallel market rates In a disconcerting turn of events, Nigeria’s naira has plummeted to a new record low during intraday trading on Thursday, as reported by FMDQ Exchange data. This decline occurred despite the central bank’s vigorous efforts to stabilize the currency by selling dollars and infusing liquidity Read More…