News Africa’s richest man to build Nigeria’s biggest port The president of Nigerian conglomerate Dangote Group plans to build Nigeria’s biggest seaport at the Olokola Free Trade Zone in Ogun State. He said it was because of an improved…
News Nigerian conglomerate plans $2.4bn cement plant in Kebbi State Nigeria’s Kebbi State has signed a preliminary agreement with Nigerian conglomerate MSM to build a factory capable of producing 3 million tonnes of cement a year, equal to about 5%…
News Nigeria calls for investors to get delayed $18.5bn Centenary City going Nigeria has renewed calls for investors to take opportunities offered by its $18.5bn Centenary City project in Abuja, business website Nairametrics reports. Ahmed Musa Dangiwa, minister of housing and urban…
News China resumes funding for Nigerian rail with $254m loan After a hiatus of several years, China has resumed lending for Nigerian rail development with an initial $253.7m loan approved by the China Development Bank for the Kaduna-Kano railway, the…
News European firms plan to build rice-straw houses in Nigeria Companies from Sweden and Czechia have teamed up with the Nigerian government to offer houses built partly from rice straw. Sweden’s Our Ecolution and Czech firm Ekopanely both make boards…
News Holcim sells Nigerian business for $1bn, plans separation of North American subsidiary Swiss cement-maker Holcim has sold its 84% stake in Lafarge Africa to Huaxin Cement of China. The $1bn deal is subject to approvals, but is expected to be confirmed in…
News Lagos seeks companies to build 4GW-worth of power stations With new powers to develop independent electricity supplies, the Nigerian state of Lagos has invited bidders to express interest in building a series of gas-fuelled power plants totaling 4GW of…
News Nigeria ready to build $3.5bn Bakassi seaport Nigerian officials say they’re going ahead with a new $3.5bn port on the Bakassi peninsula, in the extreme south-east of country, local media reports.
News Nigeria, Libya in talks over 5,600km gas pipeline The governments of Nigeria and Libya have started talks about building a multi-billion dollar gas pipeline between their countries. Nigeria’s oil minister Ekperikpe Ekpo spoke with his Libyan counterpart Khalifa…
News Nigerian power station to be first fruit of $3bn AKK gas pipeline Nigeria’s National Petroleum Company has signed a memorandum of understanding with the China Engineering and Machinery Corporation (CEMC) to build a gas power plant near the capital, Abuja. Posting on…
News Nigerian mobile operator MTN to build West Africa’s largest data centre MTN Nigeria announced on Saturday that it was planning to build West African largest data centre, business website Nairametrics reports. The company, which is based in South Africa, has not…
News Nigeria to start designing 1,000km north-south highway The government of Nigeria this week said it is planning to build a 1,000km highway between the coastal town of Badagry and the city of Sokoto in the northwest. According…
News Nigeria to build $2bn coastal highway from Lagos to Calabar Nigeria plans to spend $2bn on a 700km coastal highway between the commercial capital of Lagos and the port of Calabar near its border with Cameroon.
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…