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Moneycentral West

Aviation

Fire Guts Section of Old Lagos Airport Terminal

Bala Augie -
The Federal Airports Authority of Nigeria, FAAN, has confirmed a fire outbreak at the old terminal of Murtala Muhammed International Airport in Lagos. The Director...
Moneycentral West

Fire Breaks Out at Amuwo Odofin Industrial Estate Mile 2

Bala Augie -
A fire outbreak has occurred at the Amuwo Odofin Industrial Estate, Mile 2 area of Lagos State. Confirming the incident in a short statement on...
Exclusive

Nigeria Secures $1.2 Billion UAE Loan for 700km Coastal Superhighway

Bala Augie -
The securing of a $1.2 billion loan from the United Arab Emirates (UAE) marks a turning point for Nigeria’s ambitious Lagos-Calabar Coastal Highway project. This...
Markets

FG Set to Open Coastal Road’s First Segment to Ease Gridlock, Targeting April 2026 Commissioning

Bala Augie -
The Federal Government has announced that it is set to open the completed portion of the section 1 of the ongoing Lagos-Calabar Coastal Highway...
Exclusive

5 Costly Mistakes Nigerians Make When Buying Land (And How to Avoid Them)

Bala Augie -
BY ICONIC REALTY Buying land in Nigeria is one of the biggest financial decisions most people make — but it’s also one of the riskiest....
Investing

How to Buy Land in Lagos Safely: Your Complete Step-by-Step Guide (2025)

Bala Augie -
BY ICONIC REALTY Last month, a client called me in tears. She had just lost ₦20 million to a land scam in Ibeju-Lekki. The documents...
Markets

Lagos Gridlock: Commuters Face Eight Months of Diversions on Crucial Lekki-Ajah Roadway

Bala Augie -
The Lagos State Government has announced that road rehabilitation works will commence on the Lekki-Ajah corridor from Saturday, November 15, 2025, and will run through Wednesday,...
Exclusive

Lagos Seeks ₦200 Billion Bond for Major Projects Including Rail Lines and Epe Airport Road

Bala Augie -
The Lagos State government is in the process of raising a N200 billion ($133 million) bond to help fund various infrastructure projects in the...
Markets

Fiscal Watch: Lagos State Exposed to ₦456 Billion in Potential Claims Across 57 Legal Cases

Bala Augie -
The Lagos State Government is currently involved in Fifty-Seven (57) litigations with total claims in the cases against the State and its agencies amounting...
Exclusive

Lagos State Revenue Hits ₦2.3 Trillion, But Massive FX Losses Hamper Infrastructure Spending

Bala Augie -
Lagos State recorded an 89% jump in operating revenue in 2024, however that had little impact on capital expenditure due to massive foreign exchange...
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