Lagos Launches Red Line Rail Service, Projected to Transport 500,000 Passengers Daily
Lagos Governor Babajide Sanwo-Olu has announced the launch of the Red Line rail service, aiming to transport 500,000 daily.
Lagos Governor Babajide Sanwo-Olu has announced the launch of the Red Line rail service, aiming to transport 500,000 daily.
Google has partnered with Kairos Power to utilise small nuclear reactors for powering its AI data centres by 2035.
Tokyo Metro Co. raised 348.6 billion yen in Japan’s largest IPO in six years, priced at 1,200 yen per share.
Neons Airlines is set to launch weekly flights from Italy to Lagos starting October 30.
Professor Yemi Oke says the deregulation of Nigeria’s petroleum market is a step in the right direction.
The strike by 33,000 West Coast workers has halted Boeing’s production of the 737 MAX, 767, and 777 aircraft.
National Assembly is considering an executive bill proposing to raise Nigeria’s Value Added Tax from 7.5% to 10% by 2025
Binance Executive Gambaryan’s family has expressed distress over his bail denial, claiming unlawful detention despite needing medical attention.
NERC has reported a N380 billion electricity subsidy obligation for Q2 2024, a significant decrease from N633.3 billion in Q1.
NNPC, three IOCs have signed a Gas Sales and Purchase Agreement towards the $3.5bn Brass Fertiliser Project in Bayelsa State.
Kelvin Emmanuel has said if Nigeria follows Dangote Refinery’s model, it could save N471bn monthly by eliminating fuel subsidy payments.
CEO Elon Musk unveiled ambitious plans for Tesla’s transition from automaker to robotics manufacturer at a highly anticipated event.
Australia will resume live lobster exports to China by year-end, lifting a trade barrier costing exporters over AU$20 billion annually.
Finance minister Edun has emphasised the need for aligning fiscal and monetary policies to combat inflation and stimulate Nigeria’s economic growth.
AfDB and Arab Bank have collaborated to source $300 million for co-financing phase 2 of Nigeria’s Special Agro-Industrial Zones.
The FIRS has launched a USSD code to simplify tax payment processes and improve taxpayer satisfaction.
NUPRC’s Komolafe has said the 2024 licensing round aims to grow Nigeria’s oil reserves, boosting production and attracting global investment.
The Nigerian Communications Commission has initiated pre-enforcement action against Starlink for increasing subscription prices without regulatory approval.
NLNG’s Odey has stated that the company has distributed over $44bn in dividends since inception, contributing to Nigeria’s economy.
The CBN has reassured the public about the stability, safety, and soundness of Nigeria’s financial system amid global economic concerns.
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