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Lagos startup accelerator Techstars shuts down after two years

Alex Odense Two years after its highly anticipated launch, the ARM Labs Lagos Techstars Accelerator, known as Techstars Lagos, has closed its doors, abruptly ending its third cohort, which began in March 2024. The decision was confirmed by Matthew Grossman, Techstars’ global Chief Brand and Communications Officer, in an email. “Techstars’ partnership with ARM Labs […]

Lagos unveils plan to tax remote workers to generate N200bn
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Lagos unveils plan to tax remote workers to generate N200bn

The Lagos State government has launched an ambitious plan to generate an additional N200 billion annually by broadening its income tax base and employing advanced digital solutions to enhance revenue collection. This initiative is set to be a central topic at the upcoming EKO Revenue Plus Summit, scheduled for September 25-26, 2024, under the theme […]

Lagos ban articulated trucks on Lekki-Epe expressway
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Lagos ban articulated trucks on Lekki-Epe expressway

The Lagos State Government has announced a ban on articulated trucks using the Lekki-Epe corridor during peak hours, effective August in a bid to ease traffic congestion and enhance road safety. This directive will coincide with the launch of the electronic call-up system aimed at regulating truck movement in the area. Mr. Oluwaseun Osiyemi, Lagos […]

Lagos plans CNG-powered buses by end of 2024
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Lagos plans CNG-powered buses by end of 2024

The Lagos State Government has unveiled plans to introduce compressed natural gas-powered buses for public transportation operations by the fourth quarter of 2024, pending any unforeseen challenges. This initiative, announced by the Lagos Metropolitan Area Transport Authority, is part of a broader strategy to adopt biogas as an alternative fuel source for state-regulated buses, aimed […]

News

Lagos partners CIG motors to enhance public transport

Governor Babajide Sanwo-Olu of Lagos State presided over the signing of a significant joint venture agreement between IBILE Holdings Limited, a state-owned corporation, and CIG Motors Company Limited. This partnership, heralded as a transformative move for Lagos’ transport sector, involves the acquisition of 5,000 new vehicles for the LAGRIDE fleet, injecting $260 million into the […]

Lagos unveils plan to tax remote workers to generate N200bn
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Lagos allocates N25bn for SME development projects

Governor Babajide Olusola Sanwo-Olu of Lagos State has announced that approximately N25 billion has been disbursed to Small and Medium Enterprises through the Lagos State Employment Trust Fund over the past six years. This initiative aims to bolster productivity and stimulate economic growth across the state. Speaking at the 2024 Business Day Newspaper CEO Forum […]

Police rescue Fouani brothers abducted in Lagos
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Police rescue Fouani brothers abducted in Lagos

The Lagos police command has announced the successful rescue of the three Fouani brothers, who were abducted on June 14. The brothers, identified as Abbas, Youssef, and Amtal Fouani, were reportedly kidnapped around 6 pm on June 14 while returning by boat from their factory in Apapa to Victoria Island. The Fouani brothers are associated […]

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Lagos partners stakeholders on zero carbon emissions

The Lagos State Government has concluded plans to partner with stakeholders to achieve Zero-Carbon Lagos by 2055. This was revealed during the inaugural stakeholders meeting organised by the Special Adviser on Climate Change and Circular Economy to the Lagos State Governor, Titilayo Oshodi, on Tuesday in Lagos. Commenting during the event, Lagos State Governor, Babajide […]

Lagos out, Kogi ranked most expensive Nigerian state to live
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Lagos out, Kogi ranked most expensive Nigerian state to live

Nigeria’s economic landscape grapples with unparalleled challenges as the cost of living escalates to unprecedented heights. According to the latest findings from the National Bureau of Statistics (NBS), the country’s inflation rate surged to nearly an all-time high of 31.7% in February 2024, highlighting the profound economic strains reshaping living expenses nationwide. However, this inflationary […]

75% of boats on waterways not seaworthy — NIWA
Transportation

75% of boats on waterways not seaworthy — NIWA

Seventy-five percent of the vessels that use the Lagos Waterways are not seaworthy, according to the National Inland Waterways Authority. According to The PUNCH, NIWA’s Lagos Area Manager, Sarat Braimah, revealed this to the media on Wednesday at a meeting with representatives of the Lagos-based Association of Tourist Boats Operators and Water Transport. Three verified […]

Lagos unveils plan to tax remote workers to generate N200bn
News

Lagos, Ghanaian firm collaborate on waste management

To improve the handling of solid and liquid waste in the state, the Lagos State Government has signed a Memorandum of Understanding with the renowned Ghanaian trash management company Jospong Group of Companies. According to The Times, by reducing downstream pressure, our cooperation intends to construct a Material Recovery Facility that will drastically reduce the […]

Lagos unveils plan to tax remote workers to generate N200bn
News

Hardship: Lagos restores 25% transport subsidy

The Lagos State Government has announced that a 25% fare reduction will be restored for all state-managed transport services as of tomorrow, Friday, February 22, 2024. According to the Times, a tweet on the Lagos State Government’s official X account indicated that “Governor Babajide Sanwo-Olu made this news on Thursday during a press briefing with […]

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