LATEST NEWS

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Cover

First Ship Docks at $2bn Lekki Deep Sea Port

Access Bank Promotes 800 Employees as it Transitions to Holdco Structure

Peer Review: AU Rates Nigeria High in Infrastructure, Agric Revolution

PIDG’s Emerging Africa Infrastructure Fund Anchors $420mn Bond Issuance

Nigeria’s GDP Grows 3.4% in 2021, Driven by Non-Oil Sector

Nigeria’s Fintech Firm Flutterwave Raises $250 Mn Fresh Capital

Nigeria Posts $3.68 Bn Balance of Payment Surplus in Q3 2021

Fitch Says Rising Sovereign Debt Could Hit Ratings in Sub-Saharan Africa

Green Hydrogen: The New Energy Frontier in Africa

FEC Approves $2.8m For Ibadan-Lagos, Port Harcourt-Maiduguri Rail Projects

EGYPS 2022: ‘Natural Gas is the Fuel for Sustainable Development’

Dangote Refinery Production Could Accelerate Nigeria’s Economic Recovery – IMF

NLNG Refutes Report on Operating “Illegal International Cartels”

House of Rep, Deep Blue Project Contract and Recurring Allegations of Fraud

DOE Establishes Bipartisan Infrastructure Law’s $9.5 Billion Clean Hydrogen Initiatives

Modernisation of Port Infrastructure Underpins Nigeria’s Economic Future – NPA MD

FG Set to Assist ACEN in Infrastructure Development

FCTA to Borrow N200bn for Infrastructure Development

Rail Line Projects: Lagos Assembly Applauds Sanwo-Olu

Northrop Grumman Offers Navy a Missile Defense System with Infinite Ammo

MOST READ

Cover

First Bank, Azuri partner to bring solar systems to millions

THE SUSTAINABLE DEVELOPMENT GOALS Infrastructure is SDG N0. 9: ‘Industry, Innovation and Infrastructure

Benin Industrial Park: 3 Co-developers sign up

Countries with the Best Infrastructure

Cloud Infrastructure Revenue Grows 33% This Quarter to Almost $33bn

Nigeria: Zungeru hydroelectric power plant set to add 700MW to national grid

President Buhari inaugurates CBN Centre of Excellence in UNN

Google Chooses Nigeria As Location For Its First Developer Space In Africa

FG designates Ikorodu terminal for yam produce export

AG-DANGOTE: Nigeria deserves the best roads

Governor Abubakar Sani Bello: Setting infrastructural benchmarks

Countries with the Best Roads

Nigeria injects N98.85bn Sukuk bond into road construction

Environment minister lauds NNPC on Abuja IPP project …… sets up EIA panel

$138.9m gas infrastructure plant will boost LPG usage in Nigeria

Gov. Obiano pledges more road infrastructure in Anambra before tenure ends

Nigeria signs $2billion industrial parks agreement

CBN Creates Intervention Fund for Solar Energy Infrastructure Development

FGN/NOVONE Social Housing Estate Ready for Acquisition

How To Establish A State Sovereign (Wealth) Future Investment Fund Authority (S-FIFA)

PHOTO NEWS

The Coscharis Rice Mill in Anambra State.

Ebonyi State of Nigeria Is Building the Best Airport in West Africa

Dangote To Save Nigeria $9bn Annually – AfDB President Akinwumi Adesina

President Muhammadu Buhari commissions Navy Ships, Boats and Helicopter, at the Naval Dockyard Victoria Island, Lagos on Thursday (9/12/2021)

Local Content: Butane Energy’s LPG plant opens in Katsina

We’ll Complete Red, Blue Line Train Projects As Promised – Sanwo-Olu

Fashola Commissions the new 1.2km two-lane Ikom Bridge in Cross River State

HOWO TRUCKS Company has opened a factory [CKD] in Lekki, Lagos Nigeria.

Microsoft Unveils Windows 11

NEWS

First Ship Docks at $2bn Lekki Deep Sea Port

Access Bank Promotes 800 Employees as it Transitions to Holdco Structure

Peer Review: AU Rates Nigeria High in Infrastructure, Agric Revolution

PIDG’s Emerging Africa Infrastructure Fund Anchors $420mn Bond Issuance

Nigeria’s GDP Grows 3.4% in 2021, Driven by Non-Oil Sector

Nigeria’s Fintech Firm Flutterwave Raises $250 Mn Fresh Capital

Nigeria Posts $3.68 Bn Balance of Payment Surplus in Q3 2021

Fitch Says Rising Sovereign Debt Could Hit Ratings in Sub-Saharan Africa

Green Hydrogen: The New Energy Frontier in Africa

FEC Approves $2.8m For Ibadan-Lagos, Port Harcourt-Maiduguri Rail Projects

AFRICAReports

First Ship Docks at $2bn Lekki Deep Sea Port

Access Bank Promotes 800 Employees as it Transitions to Holdco Structure

Peer Review: AU Rates Nigeria High in Infrastructure, Agric Revolution

Fitch Says Rising Sovereign Debt Could Hit Ratings in Sub-Saharan Africa

Agriculture

Nigeria’s GDP Grows 3.4% in 2021, Driven by Non-Oil Sector

The Coscharis Rice Mill in Anambra State.

NIRSAL Boosts Cocoa Exports with Credit Guarantee

CBN to Boost Cotton Production, Revive Textile Industry

AVIATION

Ebonyi State of Nigeria Is Building the Best Airport in West Africa

Oyetola Lists Successes After 3yrs, Promises More Infrastructure

Air Peace welcomes new Embraer Aircraft

Nigeria Acquires First Boeing 747 Flight Simulator

Banking and Finance

Access Bank Promotes 800 Employees as it Transitions to Holdco Structure

PIDG’s Emerging Africa Infrastructure Fund Anchors $420mn Bond Issuance

Nigeria’s Fintech Firm Flutterwave Raises $250 Mn Fresh Capital

Nigeria Posts $3.68 Bn Balance of Payment Surplus in Q3 2021

COVER

Financial Inclusion: Out-Dated Systems and Payment Processors Are Major Obstacles

The push for development of Infrastructure in Nigeria Intensifies

Economy

First Ship Docks at $2bn Lekki Deep Sea Port

Peer Review: AU Rates Nigeria High in Infrastructure, Agric Revolution

Nigeria’s GDP Grows 3.4% in 2021, Driven by Non-Oil Sector

Nigeria Posts $3.68 Bn Balance of Payment Surplus in Q3 2021

Education

Lagos Consolidates on Infrastructure & Education in 2022 Budget

Dangote Foundation, German Govt Invest €7 Million In Youth Technical Training

Sanwo-Olu Commissions 66-classroom Blocks in Four Lagos Schools … connects 100 schools to broadband

TETFUND to Spend N10bn on ‘Critical Infrastructure in Abuja University

ENERGY

PIDG’s Emerging Africa Infrastructure Fund Anchors $420mn Bond Issuance

Green Hydrogen: The New Energy Frontier in Africa

EGYPS 2022: ‘Natural Gas is the Fuel for Sustainable Development’

Dangote Refinery Production Could Accelerate Nigeria’s Economic Recovery – IMF

Environment

Northern Youths Urge Protection for Public Infrastructure

Sub-Saharan Africa Requires $40 Bln Annual Flow to Achieve Net-Zero Emission By 2050 – Osinbajo

Shell Petroleum Opens Dialogue with Communities on Development Initiatives

China Completes Construction of $3.17bn UHV Electricity Line

FOCUS

Infrastructure: The Synergy of efforts between the ICRC, the MDAs and the Private Sector Is the Pedestal Nigeria Needs

How To Establish A State Sovereign (Wealth) Future Investment Fund Authority (S-FIFA)

Our focus on infrastructural development is yielding visible results – Fashola

Health

EU Plans $22.7 billion Transport Network, Other Projects Across Africa

AfDB Outlines New Health Infrastructure Strategy

WTO Head Says South Africa, Senegal, Rwanda And Nigeria Considered as Vaccine Production Hubs

India Plans $6.8 Billion Program to Boost Health Infrastructure

Housing

Poor Infrastructure, Staffing Hampering Primary Healthcare Delivery – NPHCDA

China’s Love of Construction Keeps Fueling Infrastructure Stocks

Sanwo-Olu to Commission Health, Housing Infrastructure Projects in Badagry

Land Transactions in Lagos Fully Go Digital in 2021 – Sanwo-Olu

Infrastructure

First Ship Docks at $2bn Lekki Deep Sea Port

Peer Review: AU Rates Nigeria High in Infrastructure, Agric Revolution

PIDG’s Emerging Africa Infrastructure Fund Anchors $420mn Bond Issuance

Green Hydrogen: The New Energy Frontier in Africa

Infrastructure Financing

PIDG’s Emerging Africa Infrastructure Fund Anchors $420mn Bond Issuance

Dangote Refinery Production Could Accelerate Nigeria’s Economic Recovery – IMF

FCTA to Borrow N200bn for Infrastructure Development

Sanwo-Olu: Lagos Will Explore NGX To Fund Infrastructure Projects

Interview

Infrastructure: The Synergy of efforts between the ICRC, the MDAs and the Private Sector Is the Pedestal Nigeria Needs

Maritime

First Ship Docks at $2bn Lekki Deep Sea Port

House of Rep, Deep Blue Project Contract and Recurring Allegations of Fraud

Modernisation of Port Infrastructure Underpins Nigeria’s Economic Future – NPA MD

Nigerian Govt to Make N50bn from Onitsha River Port Concession

News & Analysis

Northrop Grumman Offers Navy a Missile Defense System with Infinite Ammo

Understanding the Bills to Fix Our Broken Roads

Africa’s Digital Infrastructure is the Next Playing Field For Great-Power Competition

The G7’s New Global Infrastructure Initiative

Opinion

House of Rep, Deep Blue Project Contract and Recurring Allegations of Fraud

Understanding the Bills to Fix Our Broken Roads

Africa’s Digital Infrastructure is the Next Playing Field For Great-Power Competition

Solving Africa’s Infrastructure Paradox

Power

PIDG’s Emerging Africa Infrastructure Fund Anchors $420mn Bond Issuance

British Power Company in trillion-Dollar Compo Blunder

Northern Youths Urge Protection for Public Infrastructure

Power: NERC Laments Infrastructure Deficits, Wide Metering Gap

Railway

FEC Approves $2.8m For Ibadan-Lagos, Port Harcourt-Maiduguri Rail Projects

Rail Line Projects: Lagos Assembly Applauds Sanwo-Olu

Lagos Consolidates on Infrastructure & Education in 2022 Budget

Nigeria To Borrow from Credit Suisse, Standard Chartered to Fund Next Stage of Railway Projects

Roads

EU Plans $22.7 billion Transport Network, Other Projects Across Africa

FG Commences Work on 21 Roads Earmarked for NNPC’s N621bn Funds

Badagry Expressway Gets N15bn NNPC Tax Credit Boost

Germany Starts Work on Northern Europe’s Largest Infrastructure Project

Security Infrastructure

Northrop Grumman Offers Navy a Missile Defense System with Infinite Ammo

U.S. Urges FG, Telecoms Operators to Prioritise Security Of 5G Network

Buhari Commissions NNS Oji, Made-In-Nigeria Vessel

SPECIAL REPORT

5G Technology: Why the US Can’t Stop Huawei

N6 bn Infrastructure & education re-engineering plan is the game changer for Pry schools in Lagos

How To Establish A State Sovereign (Wealth) Future Investment Fund Authority (S-FIFA)

IHEDIOHA, GANDUJE WIN AWARDS AT NIDA FOR IMPACTFUL INVESTMENTS IN INFRASTRUCTURE

Technology

Nigeria’s Fintech Firm Flutterwave Raises $250 Mn Fresh Capital

Green Hydrogen: The New Energy Frontier in Africa

FG Set to Assist ACEN in Infrastructure Development

Northrop Grumman Offers Navy a Missile Defense System with Infinite Ammo

Telecom

With National Policy on 5G, ABSA Sees Opportunity for Economic Growth in Nigeria

‘Africa Needs Smarter Investment in Digital Infrastructure’

MainOne Expands Global Cloud Connect Services to Drive Business Digital Transition in W/Africa

Technical Glitches Hit Nigerian Identity Database, Disrupt Access to NIN Verification

Tourism

N10 Bn Rights Issue is Transcorp Hotel’s Confidence Boosting Strategy Post-Covid

Ibom Airline Increases Fleet With Two New Aircraft, Targets 10 Planes By 2023

How tourism is impacting economic development in Africa

Trade and Investments

First Ship Docks at $2bn Lekki Deep Sea Port

PIB Will Unlock Opportunities for Indigenous Companies – Oando Energy Boss

Russian Companies to Invest $500 Million Into Nigeria’s Manufacturing Sector

Dangote Refinery Will Transform Downstream Sector, Provide Better Margin for Marketers – Oil Marketers

Transportation

First Ship Docks at $2bn Lekki Deep Sea Port

FEC Approves $2.8m For Ibadan-Lagos, Port Harcourt-Maiduguri Rail Projects

Rail Line Projects: Lagos Assembly Applauds Sanwo-Olu

EU Plans $22.7 billion Transport Network, Other Projects Across Africa

Urban Renewal

Rail Line Projects: Lagos Assembly Applauds Sanwo-Olu

Bankers’ Committee outlines $100m for National Arts Theatre rehabilitation

Osun Govt Commits N3.6bn to Rehabilitate Roads in Ikire, Ile-Ife

Lagos Is Issuing Fresh N85 Billion Bonds To Secure the Future of its Infrastructure

Water Resources

Adamu wants speedy passage of Water Resources Bill

Benin Moves to Prevent Crop Destruction …. constructs water troughs for animals in Savalou

Nigeria to Resume Construction Works On Mambilla Hydroelectric Plant

Kenya Installs the First Solar Plant That Transforms Ocean Water into Drinking Water

WORLDReport

Fitch Says Rising Sovereign Debt Could Hit Ratings in Sub-Saharan Africa

EGYPS 2022: ‘Natural Gas is the Fuel for Sustainable Development’

Dangote Refinery Production Could Accelerate Nigeria’s Economic Recovery – IMF

NLNG Refutes Report on Operating “Illegal International Cartels”