By Ayomide Otitoju The Lagos State House of Assembly has passed the ₦4.44 trillion 2026 budget, tagged the “Budget of Shared Prosperity,” into law. The appropriation, approved on Thursday, places strong emphasis on infrastructure development, education, healthcare, economic growth and social development, with more than 52 per cent of the total allocation earmarked for capital…
By Ayomide Otitoju President Bola Tinubu has welcomed the Nigerian capital market’s milestone of surpassing the ₦100 trillion market capitalisation mark, describing it as a historic achievement and a strong signal of renewed investor confidence in the economy. In a statement issued by his spokesman, Bayo Onanuga, the President said the development reflects a new…
By Ayomide Otitoju The financing marks a major milestone for Levene Energy, providing direct entry into Nigeria’s regulated midstream and downstream gas sectors. The transaction represents a strategic diversification from the company’s core oil and refined petroleum products trading business into infrastructure-backed investments with stable, long-term earnings. It aligns with Levene Energy’s objective of evolving…
By Ayomide Otitoju No fewer than 416 African musicians have arrived in Lagos for the ninth edition of the All Africa Music Awards (AFRIMA), as the state hosts the continent-wide celebration of musical excellence. The event, which runs from January 7 to 11, features a series of activities aimed at promoting the growth of the…
By Ayomide Otitoju The Lagos State Commissioner for Transportation, Mr. Oluwaseun Osiyemi, has commended the leadership and ongoing projects of the Lagos Metropolitan Area Transport Authority (LAMATA) during a working visit to the agency. The visit formed part of the commissioner’s routine engagements with agencies under the Ministry of Transportation to assess operations and obtain…
By Ayomide Otitoju The Lagos State health sector received a significant boost on Thursday with the commissioning of a new radiology X-ray machine at General Hospital Odan-Lagos, donated by Senator Wasiu Eshinlokun in partnership with the Nigerian Ports Authority (NPA).The intervention is expected to strengthen diagnostic capacity at the historic hospital, one of Nigeria’s oldest…
By Ayomide Otitoju The office of Lagos State Governor Babajide Sanwo-Olu has dismissed reports suggesting a rift between him and Ogun State Governor Dapo Abiodun. In a statement, the governor’s office described the claims circulating on online platforms and blogs as false, emphasizing that any perceived disagreement exists “only in the imagination of purveyors of…
By Ayomide Otitoju Zenith Bank has injected N140 million into the tech ecosystem through its Zecathon 5.0 initiative, which drew thousands of applications and was attended by the bank’s founder and chairman, Jim Ovia, and Lagos State Governor Babajide Sanwo-Olu. The 2025 edition introduced a Hackathon track alongside the Startup Pitch Competition. From hundreds of…
By Ayomide Otitoju Nigeria’s non-oil exports grew 21 percent to $12.8 billion in 2025, driven by policy reforms and trade initiatives under the Federal Ministry of Industry, Trade and Investment (FMITI), the ministry’s 2025 review reported. Overall trade value rose 14 percent, reflecting broader economic expansion. The ministry said the growth marked a key phase…
