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Strait of Hormuz closed until further notice — Iran

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Tag: Lagos State

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Ikorodu ferry terminal to reopen after prolonged hyacinth blockage

The Ikorodu Ferry Terminal is set to resume passenger services on Monday, January 19, 2026, after being closed for several months due to heavy water hyacinth that obstructed navigation. The Lagos State Waterways Authority confirmed this in a statement released on Friday. The terminal had remained closed since October 20, 2025, when the widespread infestation […]

Business

Lagos plans affordable electric boats for commuters

The Lagos State Government plans to add electric-powered boats to the Lagos Ferry Services fleet this year, aiming to lower fares for commuters. The Managing Director of LAGFERRY, Hon. Abdoulbaq Ladi-Balogun, made this disclosure in a statement on the Lagos State Government’s X account on Wednesday. The move is part of a push for affordable, […]

Lagos' GDP hits $159bn, becomes Africa's second-largest city economy
News

Lagos named one of seven top global art destinations 2026

Lagos State has been named as one of the seven art destinations to visit in 2026, according to a report by Artsy, the leading global online Art Marketplace. The city was described as “a banner biennale in West Africa’s preeminent art capital.” This was contained in a statement signed and released by the Special Adviser […]

Finance

Lagos Assembly approves ₦4.4trn 2026 budget

The Lagos State House of Assembly has approved the ₦4.4 trillion 2026 Appropriation Bill, officially tagged the Budget of Shared Prosperity, following weeks of extensive scrutiny and sector-by-sector evaluation by lawmakers. The passage of the budget reflects the conclusion of detailed legislative engagements aimed at ensuring fiscal responsibility and alignment with the developmental priorities of […]

Scams

Court jails ex-Lagos education director over N48.9m theft

An Ikeja Special Offences and Domestic Violence Court on Monday sentenced a former Lagos State Education Director, Olawale Faleti, to two years and five months’ imprisonment for stealing N48.9 million from Access Bank Plc. Justice Rahman Oshodi convicted Faleti, aged 64, on five counts of stealing after finding him guilty of charges filed by the […]

News

Fire destroys four Lagos shops on New Year’s Day

Four electronics shops located in a building at Ikotun, Lagos State, were razed by fire in the early hours of New Year’s Day, with all items in the affected shops completely destroyed. The shops are housed in a building located beside the GUO Transport Company in the Ikotun area. According to the News Agency of […]

News

Lagos traders count loses after Arena market fire

Traders at Arena Market in the Bolade area of Oshodi, Lagos State, were on Wednesday counting losses estimated to be in the millions of naira after a fire outbreak gutted a section of the market on Monday evening. The fire razed a number of containerised shops, leaving many traders devastated as valuable goods were destroyed […]

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VIDEO: Goods destroyed as fire guts Arena Market in Lagos

A major fire incident was recorded on Monday, December 30, 2025, at the Arena Market, also known as Army Arena Market, located in Oshodi, Lagos State. The fire reportedly started earlier in the day and spread rapidly across several sections of the busy market, causing panic among traders and passers-by. According to information gathered from […]

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Lagos gas infrastructure repair boosts power generation nationwide — NISO

The Nigerian Independent System Operator has announced an improvement in power generation nationwide following the repair and restoration of the vandalised Lagos-Escravos gas supply infrastructure. The management of NISO disclosed this development in a statement issued on Friday in Abuja, noting that the restoration has positively impacted electricity generation across the country. NISO, which was […]

News

Sanwo-Olu urges calm after fire at Lagos plaza

Lagos State Governor, Mr Babajide Sanwo-Olu, has called on residents to remain calm following a fire incident at the 22-storey Great Nigeria Insurance Building located on Martins Street, Lagos Island. The fire, the cause of which has yet to be ascertained, broke out on Wednesday, with officials confirming that no casualties were recorded during the […]

Fuel scarcity'll continue after polls, marketers warn
Oil and Gas

Long queues emerge in Lagos as MRS slashes petrol price

Motorists on Wednesday thronged MRS filling stations across Lagos following a reduction in the pump price of petrol from N890 to N739 per litre, a development that eased fuel costs but resulted in long queues across the metropolis. According to the News Agency of Nigeria, who monitored activities at several filling stations, long but orderly […]

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Seven injured in Lagos insurance house fire incident

Seven adult males sustained varying degrees of burn injuries following a major fire incident that engulfed the 22 storey Great Nigeria Insurance House on Lagos Island on Christmas Eve, triggering a large scale emergency response and affecting nearby residential, commercial and religious buildings. Emergency authorities confirmed on Wednesday that the injured victims were promptly treated […]

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