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C'River's 20km Road to boost economic growth - Lafarge
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Lagos, Lafarge partner to convert waste into fuel

The Lagos State Government, through the Ministry of Environment and Water Resources, has entered into a Memorandum of Understanding with Lafarge Africa PLC to utilize non-recyclable combustible waste as an alternative fuel. Under the agreement, Lafarge Africa will collect and process non-recyclable waste from various companies and dumpsites across the state, transporting it to their […]

Aliko Dangote, Africa’s most prominent industrialist, will officially step down as Chairman of Dangote Sugar Refinery Plc on June 16
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$23bn refinery biggest risk of my life – Dangote

The Chairman of Dangote Group, Aliko Dangote, has said that the massive risk he took with the Dangote Refinery, a venture that has redefined his wealth and transformed Africa’s energy sector is the biggest risk of his life. The 67-year-old billionaire revealed that the final investment of the refinery surpassed $20 billion—more than double the […]

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OPEC+ considers delay of April supply increase

OPEC+ is reportedly considering delaying its planned monthly supply increases set to start in April, despite pressure from U.S. OPEC+ is weighing a potential delay in its planned production increases, as some delegates argue the global oil market is still too fragile, said a delegate, who requested anonymity. The group remains divided on the issue, […]

China’s DeepSeek delays AI model after Huawei chip failure
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South Korea suspends downloads of DeepSeek over privacy concerns

South Korea’s data protection authority announced on Monday that new downloads of the Chinese AI app DeepSeek had been suspended after the company admitted to failing to comply with certain personal data protection regulations. According to the Personal Information Protection Commission (PIPC), the suspension took effect on Saturday and will remain in place until DeepSeek […]

EU rules out fee for tech giants under digital markets act
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EU to tighten food import rules on banned pesticides

The EU plans to impose new restrictions on imported food treated with pesticides banned in the bloc. This move addresses European farmers’ concerns about unfair competition, as they must comply with stricter regulations while imports often do not. The European Commission plans to introduce a rule preventing the reentry of hazardous pesticides banned in the […]

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US closes embassy in Abuja, consulate general in Lagos

The United States has stated that its Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 17, 2025, in observance of Presidents’ Day. This was disclosed by the U.S. Mission in Nigeria in a statement posted on its official X account on Sunday. The U.S. Mission in Nigeria confirmed […]

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Global oil prices drop as market eyes Russia-Ukraine peace deal

Oil prices dropped for the fourth consecutive day on Monday, driven by expectations that a Russia-Ukraine peace deal could ease sanctions disrupting supply flows, as well as concerns that global tariff wars might slow economic growth and weaken energy demand. Brent crude futures dropped 20 cents, or 0.2%, to $74.59 per barrel by early Monday, […]

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Tinubu praised for efforts in advancing AfCFTA

President Bola Tinubu was commended at the 8th African Union Summit for successfully implementing the African Continental Free Trade Area Digital Trade Protocol, which aims to simplify digital transactions and strengthen economic integration across Africa. A statement from the Ministry of Trade and Industry revealed that former President of Niger, Mahamadou Issoufou, praised President Tinubu’s […]

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DMG eyes rapid industrial revolution in West Africa

DMG Events, a major organiser of face-to-face events and publisher of trade magazines, has emphasized the importance of accelerating industrialisation in West Africa for the economic prosperity of Nigeria, Ghana, Benin, and other nations. In a statement, the organisation emphasized that industrialisation is vital, referencing a report by the United Nations Industrial Development Organisation, which […]

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NMDPRA awards Falcon 25-year gas distribution licence

The Nigerian Midstream and Downstream Petroleum Regulatory Agency has issued Falcon Corporation Limited a 25-year Gas Distribution Licence. A statement from the firm’s Managing Director, Prof. Joe Ezigbo, noted that the licence grants Falcon Corporation exclusive rights to gas distribution within the Ikorodu Industrial Zone. Ezigbo further stated that the GDL is a key regulatory […]

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Lagos plans demolition of illegal buildings on Banana Island

The Lagos State Government has initiated a crackdown on illegal structures in Banana Island, commencing today, Monday, February 17, 2025. This action targets buildings that violate established building codes, pose safety hazards, or encroach upon unauthorized areas. The General Manager of the Lagos State Building Control Agency, Gbolahan Oki, made this disclosure at a stakeholders’ […]

NIMC restricts access to NIN database over data breach
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FG okays NIMC’s overhaul of national identity system

The Federal Government has reaffirmed its dedication to enhancing the national identity system, calling for full support for the National Identity Management Commission to speed up digital identity enrolment and reforms. Secretary to the Government of the Federation, Senator George Akume, stated that Nigerians would need to use the National Identification Number to access social […]