Many die in Lagos building collapse.

Numerous people died when a three-storey building collapsed in the densely populated Ebute-Metta area of Lagos in the early hours of 28 June during a heavy downpour. The exact number of casualties is not clear although the Abuja-based national newspaper...

Flash floods wreak havoc in Lagos.

Flash floods due to persistent heavy rainfall have wreaked havoc in many parts of Lagos, with heavy traffic congestion along main roads and a slump in business for shops and services as customers stay at home. One of the roads worst...

Banking sector opens to foreign investment.

The new governor of Nigeria’s central bank, Lamido Sanusi, is to lift the ban on foreign takeovers of national banks, London’s “Financial Times” reports. Nigeria currently has 24 banks, many of which are struggling as a result of the global...

Nitel to be privatised.

The state-owned Nigerian Telecommunications Limited (Nitel) could be unbundled and sold as separate operational and service units under government plans to shore up the country’s ailing former telecoms monopoly. Nitel includes the South Atlantic Terminal (SAT-3) underwater cable – the...

Dedicated bus lanes ease traffic

Lagos’ Bus Rapid Transit (BRT) Lite System, which uses dedicated bus lanes to counteract the area’s frequent traffic gridlock, has already been used by over 52 million passengers in its short one-year history says Lagos state governor Babatunde Fashola, who...

Lagos looks at rent reforms.

The obligation for prospective tenants in Lagos to pay two or three years’ rent upfront may soon be a thing of the past under legislation currently before the state parliament. The so-called Tenancy Act proposes to outlaw the unpopular practice,...