News Nigeria to build 675ha “Diaspora City” for citizens living abroad Nigeria plans to build a “Diaspora City” for the 20 million of its citizens who live in other countries. The idea is to give emigrants, who together send $24bn back…
News Nigeria raises money to finish 284km railway to Niger Nigeria’s Ministry of Transportation has obtained $1.3bn in funding to complete its northern rail link between Kano, the country’s second largest city after Lagos, and Maradi, the second largest city…
News Korean workers abducted after gun battle freed in Nigeria Two South Korean engineers working for Daewoo Engineering & Construction have been released, nearly three weeks after they were abducted by unidentified gunmen in Nigeria, the foreign ministry in Seoul…
News Chinese firm to invest $150m in Nigerian battery factory China and Nigeria agreed to build an EV battery factory in the African country at the COP28 climate summit in Dubai. Photovoltaics specialist Shenzhen LEMI Technology Development Company will invest…
News Chinese firms eye $6bn worth of projects in Nigeria Nigeria’s science and infrastructure agency says it has reached non-binding agreements with Chinese companies covering projects in Nigeria worth a combined $6bn. The agreements came out of talks held during…
News Nigeria to begin work on 100ha African Film Studios before end of month The governor of Lagos State in Nigeria has announced that ground will be broken on a $100m studio complex before the end of this month. Speaking at a press conference…
News Abuja tower to be finished in 2025 – 20 years after work began A stalled project to build a 170m tower in the Nigerian capital Abuja will be finished in the next two years, according to Nyesom Wike, minister for the federal capital…
News World Bank wants 1,000 solar grids in Nigeria The World Bank plans to help fund 1,000 solar power mini grids to bring electricity to the 86 million Nigerians without access to it. Reuters reports that bank president Ajay…
News Mota-Engil to supply rolling stock for Nigeria’s northern railway Portuguese contractor Mota-Engil has signed a $916m deal with Nigeria’s Ministry of Transportation to supply and finance railway rolling stock for the new, $2bn Kano–Maradi–Dutse railway. This is a 284km…
News Nigeria inaugurates first phase of ‘Blue Line’ light railway in Lagos The first phase of a light rail project in Lagos, Nigeria was commissioned this week, China Daily reports. Speaking at a banquet held before the inauguration ceremony, Nigerian president Muhammadu…
News President Buhari opens “game changing” Lekki Deep Sea Port Nigerian president Muhammadu Buhari yesterday cut the ribbon to open Lekki Deep Sea Port, the first phase of which was completed in November at a cost of around $1.5bn. As…
News Nigeria’s national oil company to spend $4bn building roads Nigeria’s Federal Executive Council this week approved the Nigerian National Petroleum Company’s plan to invest $4.1bn on the reconstruction of 44 highways, according to reports in the Nigerian press. The…
News Nigeria plans to build West Africa’s biggest hydropower plant Nigeria has approved plans to build a $3bn hydropower scheme in the southeast state of Benue, the Reuters news agency reports. Government spokesperson Laolu Akande said yesterday that the National…