Lagos

Lagos is built on the mainland and a series of islands in the coastal Lagos lagoon. Its character as a natural harbour made it a major point of contact for European settlers. Capital of Nigeria until 1991, when the federal government transferred to purpose-built Abuja, Lagos remains the country's ma...

Lagos News

Lagos to export crude oil from Aje field

Exportation of oil to begin from Lagos offshore Aje field. Lagos is set to begin exporting crude oil from its offshore Aje field, via the Front Puffin floating production, storage and offloading (F...
Lagos News

Nigeria to phase out Polymer Naira banknotes

Nigeria is to revert to printing banknotes on paper instead of polymer, according to an announcement by the Central Bank of Nigeria (CBN). The reversal in policy follows a 2006 deal with Australia'...
Lagos News

Six-month ultimatum for illegal Lagos land owners

The state government of Lagos has warned that residents who have acquired land using fake documentation have six months to regularise their situation or face penalties. The governor of Lagos Babatu...
Lagos News

Nigeria strikes over petrol price hikes

A national strike brought much of Nigeria to a halt on 9 January, with more than 10,000 demonstrators protesting across the country against the government
Lagos News

Chinese trade mission visits Lagos

A trade mission of 38 Chinese entrepreneurs and government officials visited Free Trade Zones (FTZ) in Lagos State and Ogun State in late August with a view to establishing businesses in Nigeria. The...
Lagos News

Tradesmen and artisan week in Lagos

Lagos state government has declared 12 and 13 May the first ever
Lagos News

Shell cuts Nigeria production

Royal Dutch Shell has suspended operations at three pumping stations in the oil-rich Niger Delta following sabotage of an oil pipeline on 30 January. The act of sabotage came just after Nigeria
Lagos News

Nigeria makes mass arrests in bank loan scandal

Numerous people have been arrested by Nigeria
Lagos News

New tax for Lagos

The new five per cent state-wide consumption tax, raised on goods and services in hotels, restaurants and the hospitality industry, has now come into effect as of 1 August in Lagos. Revenue raised...
Lagos News

Banking sector opens to foreign investment.

The new governor of Nigeria
Lagos News

Financial crisis affects remittances to Africa.

Remittances to developing countries could fall by as much as six per cent in 2009 as a result of the global financial crisis according to the latest migration and development report from the World Ban...
Lagos News

The cost of the Niger Delta oil crisis.

Nigeria will lose up to 30 per cent of its projected revenue for 2008 due to the crisis in the oil-rich Niger Delta, president Umaru Yar
Lagos News

General strike begins in Nigeria.

Workers across the country downed their tools on 20 June for the first day of an indefinite general strike in protest over unpopular measures introduced by outgoing president Olusegun Obasanjo the day...
Lagos News

Nigeria suffers crippling power shortage.

Nigeria is in the grips of a power generating crisis that risks strangling the local economy, the Financial Times reports. Power generation in Africa
Lagos News

New Nigerian banknotes.

Redesigned banknotes have been introduced in Nigeria to make the country