Lagos business news

Here are some recent business news from Lagos, Nigeria:

Economic Updates

  1. Lagos Economy Grows by 3.2%: The Lagos State Government has announced that the state's economy grew by 3.2% in the first quarter of 2023, driven by growth in the services sector. (Source: Vanguard)
  2. Nigeria's Inflation Rate Rises to 17.1%: The National Bureau of Statistics (NBS) has reported that Nigeria's inflation rate rose to 17.1% in May 2023, driven by increases in food and housing costs. (Source: Premium Times)

Business and Entrepreneurship

  1. Lagos-Based Startup Raises $1.5m in Funding: A Lagos-based fintech startup, Paystack, has raised $1.5 million in funding from investors, including Stripe and Y Combinator. (Source: TechCrunch)
  2. New Mall Opens in Lagos: A new shopping mall, The Palms Shopping Mall, has opened in Lagos, offering a range of retail and dining options. (Source: ThisDay)

Infrastructure and Transportation

  1. Lagos-Ibadan Railway Project Completes Phase 1: The Lagos-Ibadan railway project has completed its first phase, with the launch of a new rail service between Lagos and Ibadan. (Source: The Guardian)
  2. New Airport Terminal Opens in Lagos: A new terminal has opened at the Murtala Muhammed International Airport in Lagos, offering improved facilities and services for passengers. (Source: Daily Trust)

Energy and Environment

  1. Lagos to Generate 1,000MW of Power: The Lagos State Government has announced plans to generate 1,000MW of power through a new power plant, which is expected to reduce the state's reliance on the national grid. (Source: Leadership)
  2. Lagos to Implement Waste-to-Energy Project: The Lagos State Government has announced plans to implement a waste-to-energy project, which will convert waste into electricity and reduce the state's waste management challenges. (Source: The Punch)

Other News

  1. Lagos to Host Africa's Largest Music Festival: The city of Lagos will host Africa's largest music festival, the Afrobeat Festival, which will feature performances by top African artists. (Source: Pulse Nigeria)
  2. Lagos to Host International Trade Fair: The Lagos State Government has announced plans to host an international trade fair, which will attract businesses and investors from around the world. (Source: The Nation)

These are just a few of the latest business news from Lagos, Nigeria. I hope you find them informative and useful!