Category : Search result: Nigerian transport sector


16 Banks Meet CBN Capital Rules Ahead of 2026 Deadline

CBN Governor Yemi Cardoso confirms 16 banks have met new capital thresholds. With the March 2026 deadline approaching, the recapitalisation drive aims to strengthen lenders for Nigeria's $1 trillion economy goal.

Nigeria's Economy Grows 3.98% in Q3 2025

Nigeria's economy expanded by 3.98% in Q3 2025, with services and agriculture leading growth. The non-oil sector remains a key driver. Discover the full breakdown and what it means for the nation's economic outlook.

Nigeria's GDP Hits 3.98% in Q3 2025

Nigeria's economy expanded by 3.98% in Q3 2025, fueled by strong performances in Agriculture, ICT, and Finance. Get the full breakdown of the NBS report and what it means for the nation's growth trajectory.

DisCos Record N45b Revenue Shortfall in September 2025

NERC data reveals electricity distributors collected N196.26b of N241.54b billed in September 2025, creating N45.28b shortfall. Collection efficiency improved to 81.25%. Discover which DisCos performed best.

CIT Revenue Reaches N2.78 Trillion in Q2 2025

Federal government records N2.78 trillion company income tax in Q2 2025, a 40.27% quarterly increase. Financial services sector drives growth while manufacturing faces challenges.

16 Banks Meet CBN Recapitalisation Target

CBN reveals 16 banks have successfully met recapitalisation requirements as Governor Cardoso updates on monetary policy, forex gains, and economic progress.

CIT Revenue Reaches N2.78 Trillion in Q2 2025

Federal government records N2.78 trillion company income tax in Q2 2025, a 40.27% quarterly increase. Financial services sector dominates while manufacturing faces challenges.

Man's Terrifying Kidnap Experience Goes Viral

A Nigerian man shares chilling voice note detailing his kidnapping experience while traveling through Kogi. The viral recording has sparked widespread reactions about travel safety in Nigeria.

Reps Probe 17 Years of Power Sector Investments

Nigerian House of Representatives launches a full-scale investigation into all power sector investments and reforms from 2007 to 2024, vowing to correct 17 years of failure.

German Rail Project Stuttgart 21 Faces New Delay

Germany's massive Stuttgart 21 rail project faces indefinite delays due to technical issues, with costs doubling to €11 billion. Discover the infrastructure challenges plaguing Europe's largest economy.

Zenith Bank to Acquire Paramount Bank in Kenya

Zenith Bank Plc is set to enter the Kenyan market by acquiring Paramount Bank, marking a strategic step in its pan-African expansion. The deal awaits regulatory approval from Nigerian and Kenyan authorities.

LASG upgrades water transport with concrete pontoons

Lagos State Government installs modern concrete pontoons at key jetties to enhance water transport safety and comfort under Governor Sanwo-Olu's THEMES+ agenda. Part of €410 million Omi Eko Project.

Lagos Rolls Out Concrete Floating Jetties Statewide

Lagos State is upgrading its water transport with modern concrete floating pontoons at key jetties. This Omi Eko Project initiative aims to boost safety, comfort, and intermodal connectivity for commuters.

Alstom's Profits Surge on Global Rail Demand

French rail giant Alstom posts a net income of €220 million in H1 2025-2026, driven by strong global demand for trains and infrastructure. Revenue growth forecast upgraded.

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