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Infrastructure

Federal Government Scrutinizes MTN and IHS Infrastructure Deal

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The Federal Government of Nigeria, through the Nigerian Communications Commission (NCC), has initiated a comprehensive review of the recent infrastructure agreements between MTN Nigeria and IHS Towers. This regulatory intervention comes as the telecommunications sector witnesses a deepening consolidation of its physical assets, raising critical questions regarding market competition, service quality, and the long-term stability […]

Agribusiness Gets Lion’s Share as BoI Disburses Record ₦636bn to Drive $1 Trillion GDP Goal

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The Bank of Industry (BoI) has achieved a historic milestone in its mission to industrialize Nigeria, announcing a record-breaking total fund disbursement of ₦636 billion to businesses in 2025. This achievement, hailed by President Bola Tinubu on February 12, 2026, marks the highest annual financing volume in the bank’s history and serves as a critical […]

Ex-INEC Commissioner Questions Feasibility of Mandatory Real-Time Election Result Transmission

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A former National Commissioner of the Independent National Electoral Commission (INEC) has expressed reservations regarding the persistent calls for the mandatory real-time transmission of election results from polling units to a central portal. In a recent analysis of Nigeria’s electoral framework, the former official argued that while the push for digital transparency is commendable, the […]

Lagos-Ibadan Expressway: Six-Week Partial Closure for Bridge Repairs

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The Federal Government has announced a partial closure of the Lagos-Ibadan Expressway for a duration of six weeks to facilitate urgent structural repairs on key bridge components. Starting in February 2026, the construction focus will center on the long-term integrity of the infrastructure, specifically targeting expansion joints and deck reinforcements that have shown signs of […]

Transcorp Power Records 30% Revenue Surge as Generation Capacity Hits 550MW

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Transcorp Power Plc has announced a 30 percent growth in annual revenue, driven by a strategic increase in its available generation capacity to 550 megawatts (MW). The company’s 2025 financial performance, released in early February 2026, highlights a period of significant operational scaling at its Ughelli power plant, which remains a critical asset in Nigeria’s […]

Power Outages Persist as 58% of Hydroelectric Projects Remain Stalled

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Nigeria’s power sector continues to struggle with chronic instability, as a recent 2026 sectoral audit reveals that 58 percent of publicly funded dam projects intended for power generation remain stalled or abandoned. Despite the disbursement of hundreds of millions of Naira, these projects have failed to transition from budgetary allocations to operational assets, leaving the […]

African Airlines Record 7.8% Traffic Growth in 2025

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African airlines recorded a 7.8 percent increase in annual passenger traffic in 2025, according to the full-year report released by the International Air Transport Association (IATA) on February 5, 2026. This growth, fueled by rising connectivity and an expanding middle class, pushed the region’s load factor a measure of seat occupancy—to a record high of […]

MTN Group Negotiates Full Acquisition of IHS Towers

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MTN Group, Africa’s largest telecommunications provider, is in advanced discussions to acquire the remaining 75 percent stake in IHS Towers, a move that would consolidate its control over critical passive infrastructure across its operational footprint. The potential transaction, disclosed on February 5, 2026, follows years of complex shareholder dynamics and serves as a strategic pivot […]

United States Deploys Military Team to Counter Nigeria’s Insecurity

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The United States government has deployed a specialized military team to Nigeria to assist the federal government in addressing the persistent security challenges affecting various regions of the country. This deployment, confirmed on February 4, 2026, follows high-level bilateral discussions between the U.S. Department of Defense and Nigeria’s Ministry of Defence aimed at strengthening tactical […]

Imo and Lagos Flagged for 2024 Budget Irregularities

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A new report by BudgIT’s civic accountability platform, Tracka, has identified Imo, Lagos, Kwara, and Abia as the leading states for “fraudulently delivered” projects within the Federal Government’s 2024 budget. The findings, released on February 4, 2026, indicate that these four states, along with Ogun, account for 57.1 percent of all projects categorized as fraudulent […]

President Tinubu Reaffirms Commitment to Ongoing Economic Reforms

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President Bola Ahmed Tinubu has stated that the Nigerian government will maintain its current trajectory of economic reforms, emphasizing that there will be no reversal of the policies initiated since mid-2023. The President made these remarks on February 3, 2026, during a high-level meeting at the State House in Abuja with a delegation from the […]

First Abu Dhabi Bank Plans Nigeria Entry with Lagos Office

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First Abu Dhabi Bank (FAB), the largest lender in the United Arab Emirates (UAE), has announced plans to establish a representative office in Lagos, marking its first formal entry into the sub-Saharan African market. Martin Tricaud, FAB’s Group Head of Wholesale Banking, disclosed the move on February 2, 2026, during the Investopia Africa conference held […]

World Bank Warns Rising AC Use Could Strain Nigeria’s Power Grid

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World Bank

The World Bank has warned that increasing dependence on air conditioning to cope with rising temperatures could place severe pressure on electricity grids in Nigeria and other developing economies with weak or limited power infrastructure. The warning is contained in the World Development Report 2025: Standards for Development, which notes that as global temperatures climb, […]

Ark Hudson Talks Tech, Innovation & Impact

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Ark Hudson

In a world where innovation often chases headlines rather than humanity, few voices cut through the noise like Hudson’s. A technologist, thought leader, and visionary entrepreneur, he represents a new generation of changemakers who view technology not just as a tool, but as a force for inclusive progress. From designing systems that empower micro-enterprises to […]

We’ve licenced Infracos to deploy broadband infrastructure in rural areas – NCC

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Telcos NCC

Ladesope Ladelokun The Nigerian Communications Commission (NCC) says it has proceeded to licence infrastructure companies for each of the seven zones, to deploy broadband infrastructure that will ensure speed of up to 25 megabits per second in the rural areas. The commission says each of the 774 Local Government Areas of Nigeria will have an […]

FG tasks SSG’s on synergy for quality governance, development

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Nigerians

The Federal Government has called for synergy among secretaries to state governments to ensure quality governance and infrastructure development. The Secretary to the Government of the Federation, Mr Boss Mustapha, made the call at the maiden meeting of South West Secretaries to the State Governments Forum. The event held in Ikeja on Thursday. The News […]

Why my govt is committed to infrastructure renaissance-Buhari

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*Says Nigerians can look after themselves when infrastructure is in place *Calls for equitable distribution of COVID-19 vaccines President Muhammadu Buhari, on Thursday, explained why his administration is committed to an infrastructure renaissance for Nigeria. He made the explanation during a meeting with President of Islamic Development Bank (IDB), Dr Mohammed Al-Jasser, in Paris, France. […]

Nigeria needs $1.5trn to bridge infrastructure gap in 10 yrs – Buhari

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Buhari

President Muhammadu Buhari says 1.5 trillion dollars is needed by Nigeria over a ten-year period, to achieve an appreciable level of the National Infrastructure Stock. He gave the figure on Tuesday in Glasgow at a COP 26 high-level side event on improving global infrastructure hosted by President Joe Biden of the United States, EU Commission […]

CBN supports power, gas infrastructure with N424.14bn

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Emefiele, CBN

*Nigeria’s infrastructure must improve by 5% annually to boost productivity-Emefiele Motolani Oseni As part of efforts to improve the power and gas infrastructure in the country, while reducing the nation’s estimated $100 billion annual infrastructure deficit, the Central Bank of Nigeria (CBN) has said it has given out not less than a total sum of […]

Lai Mohammed: FG borrowing to build world-class infrastructure

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Lai Mohammed, Boko Haram

*Says critics of Buhari on borrowing insincere Tom Okpe, Abuja Minister of Information and Culture, Alhaji Lai Mohammed, has said that the Federal Government is taking loans in order to build world-class infrastructure that will benefit generations of Nigerians and reverse the massive infrastructure deficit in the country. Mohammed stated this in Maiduguri, Borno State, […]