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MAN urges FG to guarantee steady crude supply

  • 10th May 2026

Crude supply to local refineries hits 58.8m barrels

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FG targets 6500 megawatts power generation in six months

Lagos grants 14 licences to boost power supply

  • 9th May 2026

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Tag: Lagos State

FG targets 6500 megawatts power generation in six months
Business

Lagos grants 14 licences to boost power supply

The Lagos State Government has granted 14 electricity licences and permits spanning off-grid and embedded generation, independent distribution, metering services, and interconnected mini-grid operations. The approvals were issued by the Lagos State Electricity Regulatory Commission during its inaugural stakeholder engagement held earlier this week at The Cordis Hotel. The development represents a significant regulatory milestone […]

Electricity

Lagos issues 14 operators licences to boost electricity market reform

The Lagos State Government, through the Lagos State Electricity Regulatory Commission, has reaffirmed its commitment to deepening smart regulation and strengthening the Lagos electricity market. This came as the commission issued licences to 14 operators in the state electricity value chain. The PUNCH reported that speaking on Thursday at LASERC’s maiden Stakeholders’ Engagement Forum in […]

Business

Victoria Island leads Lagos hotel boom with 10 of 33 projects

Victoria Island accounts for 10 of the 33 planned hotel chain projects in Lagos’ pipeline for 2026, ranking as the highest-performing submarket in the state. This was disclosed to Nairametrics by Trevor Ward, principal of W Hospitality Group, following the release of the Hotel Chain Development Pipelines in Africa – 2026 report, which provided additional […]

Scams

ICYMI: Lagos socialite ‘Ariket’ bags 15 years sentence for cocaine trafficking

A Federal High Court sitting in Lagos has convicted and sentenced a Lagos socialite, Mrs Funmilola Ogbuaya, widely known in elite circles as “Ariket,” to 15 years’ imprisonment for conspiracy as well as aiding and abetting the trafficking of cocaine. The judgment marks a significant development nearly nine years after her accomplice, Odeyemi Omolara, also […]

featured

Lagos prioritises rail, ferry, BRT over road expansion in mobility plan

Lagos State is planning a major shift in its long-term transport strategy, moving away from road expansion toward a multimodal system built around rail, Bus Rapid Transit, and ferry services under its updated 2050 mobility master plan. This was disclosed in a statement by the Lagos Metropolitan Area Transport Authority after a high-level stakeholders’ workshop […]

Policy and Regulations

Lagos assembly backs unified tax bill, seeks public awareness

The Lagos State House of Assembly on Tuesday advanced deliberations on the Harmonised Taxes and Levies (Approved List for Collection) Bill 2025, with lawmakers unanimously endorsing the unification of taxes across the state and calling for extensive public sensitisation. The bill, which passed second reading during plenary on Tuesday, aims to establish a legal framework […]

Business

Lagos signs power purchase deals to boost supply by 400MW

The Lagos State Government has executed Power Purchase Agreements and concession deals with three independent power producers in a move to increase electricity generation capacity to between 200MW and 400MW over the coming years. The agreements were signed at Lagos House, Marina, with Mainland Power Limited, Fenchurch Power Limited in partnership with Aggregate Utilities Limited, […]

Transportation

Sanwo-Olu reveals Red Line rail extension into Ogun

Lagos State Governor Babajide Sanwo-Olu has revealed that talks are in progress to extend the Red Line rail into Ogun State as part of efforts to ease congestion through an integrated transport system. Nairametrics reported that the disclosure was made in a statement issued on Wednesday by Gboyega Akosile, Special Adviser on Media and Publicity […]

Helth

NAFDAC busts fake alcohol factories in Lagos, seizes ₦350m products

The National Agency for Food and Drug Administration and Control has uncovered and dismantled two illegal production outlets involved in the counterfeiting and adulteration of alcoholic beverages in Lagos State. This was disclosed in a statement shared by the agency on Wednesday following enforcement operations across key commercial hubs in the state. The raid led […]

Business

Sanwo-Olu hails LIRS as key driver of Lagos economic growth

Lagos State Governor, Babajide Sanwo-Olu, on Wednesday praised the Lagos State Internal Revenue Service for its strong performance, describing it as a key driver of the state’s economic growth, while advocating greater autonomy for tax authorities nationwide. He made the remarks at the State House, Marina, when he received members of the Joint Revenue Board […]

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