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Lagos State

Events & Opportunities·Finance & Economy·News·Top Stories

Otti Lauds Sanwo-Olu at Invest Lagos 3.0, Outlines Abia’s Economic Drive

June 9, 2026

Abia State Governor, Dr. Alex Otti, has commended Lagos State Governor, Babajide Sanwo-Olu, for providing a platform for subnational governments to showcase their investment potential, describing the initiative as a model of

News·Top Stories·Transport

Sanwo-Olu Unveils New 24-Car Trains to Boost Lagos Red Line Capacity

April 16, 2026

Governor Babajide Sanwo-Olu has announced the arrival of a new set of 24-car trains to strengthen operations on the Lagos Red Line, in a move aimed at improving commuter experience and easing

Major Fire Engulfs Industrial Facilities in Lagos Mile 2 Area

January 24, 2026

A large fire tore through parts of the Amuwo Odofin Industrial Estate in Lagos on Saturday night, destroying multiple buildings and disrupting traffic along one of the city’s busiest transport corridors, as

News·Top Stories

Sanwo-Olu Unveils West Africa’s Largest Library at Lagos State University

October 21, 2025

Lagos State Governor, Babajide Sanwo-Olu, on Tuesday officially commissioned the newly completed Babajide Olusola Sanwo-Olu Library Complex at Lagos State University (LASU), Ojo, describing it as a landmark achievement in the state’s

Lagos Halts All Land Reclamation as Flood Risk, Federal Clampdown Heighten Tension

September 18, 2025

The Lagos State Government has ordered an immediate suspension of every land-reclamation project across the state, citing fears that unchecked sand filling of wetlands, lagoons and floodplains is driving coastal erosion, worsening

Sanwo-Olu Hails Lagosians Over Hitch-free ‘Ounje Eko’ Market Scheme On Sunday

Sanwo-Olu Hails Lagosians Over Hitch-free ‘Ounje Eko’ Market Scheme On Sunday

March 25, 2024

Lagos State Governor Babajide Sanwo-Olu has applauded the smooth conduct of residents during the “Ounjè Eko” Sunday markets held for the second time in the state yesterday.

LAWMA Partners OCCE To Combat Climate Change Threat

LAWMA Partners OCCE To Combat Climate Change Threat

January 22, 2024

LAWMA and the Lagos Office of Climate Change and Circular Economy (OCCE) have joined forces to combat the escalating threat of climate change in the state.

Just In: Gov Sanwo-Olu Presents N2.246trn Budget

Just In: Gov Sanwo-Olu Presents N2.246trn Budget For 2024

December 13, 2023

Lagos State Governor, Babajide Sanwo-Olu on Wednesday presented a N2.246 trillion budget proposal for the 2024 fiscal year.

Shanties On Waste Dumps: Sad Tales Of Ebute-Ilaje Community

Shanties On Waste Dumps: Sad Tales Of Ebute-Ilaje Community

December 10, 2023

Like many underdeveloped riverine areas, a visit to Ebute Ilaje Community in Bariga Local Council Development Area of Lagos State, reveals the poor standard of living of the people and the inevitable

Funso Doherty

Former Lagos Gubernatorial Aspirant Tasks Lagos Government On Budgets, Procurement Awards

November 23, 2023

Former gubernatorial aspirant of the African Democratic Congress, Funso Doherty has praised the effort of the Lagos state government to address the controversies surrounding the outrageous budgets and procurement undertaken by the

"No Omelette Without Breaking Eggs"- Sanwo-Olu Explains Nigerians' Resistance To Tax Reform Bills

Business News·Finance & Economy·News

AfDB Report Reveals Lagos Budget Disparity, Ignites Wasteful Spending Outcry

November 20, 2023

The African Development Bank (AfDB) has uncovered startling revelations about Lagos State’s budget allocation and its impact on the city’s impoverished population. The report titled From Millions to Billions: Financing the Development of

Lagos Gov Sanwo-olu Under Fire Over ‘N7.5m Fragrance, N18m Christmas Chickens’

Lagos Govt Postpones Mass Burial For 103 #EndSARS Victims Amid Controversy

October 10, 2023

Lagos State Government has postponed the proposed mass burial of 103 bodies recovered after the October 2020 #EndSARS protests.

Lagos Govt Vows To Demolish Illegal Structures

Lagos Govt Vows To Demolish Illegal Structures

October 7, 2023

The Lagos State Government, through the Lagos State Building Control Agency (LASBCA) has declared a crackdown on structures lacking essential building permits. Gbolahan Oki, the General Manager of LASBCA, issued this ultimatum

Lagos State Govt Issues Warning Against Unlicensed Gambling

Lagos State Govt Issues Warning Against Unlicensed Gambling

October 4, 2023

In a stern warning to the public, the Lagos State Lotteries and Gaming Authority (LSLGA) has taken decisive action against unlicensed gaming companies operating in public. The LSLGA has issued orders banning

Lagos Gov Sanwo-olu Under Fire Over ‘N7.5m Fragrance, N18m Christmas Chickens’

Lagos Marks 63rd Independence With Low-Key Celebration Amid Economic Challenges

October 1, 2023

In a departure from the grandiose celebrations of years past, Lagos is marking its 63rd Independence Anniversary with a low-key affair, in recognition of the prevailing economic challenges. The decision to forgo

Lagos Govt Reopens Alayabiagba Market With Sanitation Focus

Lagos Govt Reopens Alayabiagba Market, Emphasises Sanitation

October 1, 2023

The Lagos State government has reopened Alayabiagba Market in Boundary Ajegunle. The State Commissioner for Environment and Water Resources, Mr. Tokunbo Wahab, made this known while addressing a bustling crowd of traders

Lagos Gov Sanwo-olu Under Fire Over ‘N7.5m Fragrance, N18m Christmas Chickens’

Lagos Tribunal Affirms Sanwo-Olu’s Election As Governor

September 25, 2023

The Lagos State Governorship Election Petition Tribunal has upheld the declaration of Governor Babajide Sanwo-Olu, as winner of the March 18 election in the state. Prime Business Africa reports that the tribunal

Fuel Subsidy: Sanwo-Olu Flags off Lagos Food Bank Programme

September 3, 2023

Lagos State Governor, Mr. Babajide Sanwo-Olu, personally flagged off the Lagos Food Bank Programme on Sunday, aimed at alleviating the hardships faced by Lagos residents due to the removal of fuel subsidy

Former Lagos State Commissioner Dies, Remembered for his Dedication to Public Service

September 3, 2023

In a sober announcement that reverberated through Lagos state, former Commissioner for Housing, Bosun Jeje, passed away on Saturday, September 2, 2023. Jeje, who had previously served during ex-governor Babatunde Fashola’s administration,

David Hundeyin Accuses Lagos Deputy Governor Of Having Dual Citizenship

July 3, 2023

By Chidera Abaratu, Journalism Mentee A renowned Nigerian Investigative Journalist, David Hundeyin, has accused the Deputy Governor of Lagos State, Obafemi Hamzat, of allegedly holding dual citizenship status. In a video shared

Lagos Improves On Liveability Index, Now Ranks Fourth From Second Worst City To Live In

June 22, 2023

Lagos has been declared the fourth worst city to live in the world by the Economist Intelligence Unit’s ‘2023 Global Liveability report’, two steps of improvement away from the second ranking it

Reasons Ogun State Lost $18.5 billion Dangote Refinery To Lagos State

Reasons Ogun State Lost $18.5 billion Dangote Refinery To Lagos State

May 25, 2023

The governor of Ogun State, Dapo Abiodun, and his predecessor, Ibikunle Amosun, are at each other’s jugular over the loss of Dangote Refinery to Lagos State. Prime Business Africa understands that Aliko

Lagos Gov Sanwo-olu Under Fire Over ‘N7.5m Fragrance, N18m Christmas Chickens’

Sanwo-Olu Ends 50% Cut In Lagos Bus Fares After Re-election

March 29, 2023

The Governor of Lagos State, Babajide Sanwo-Olu, has discontinued the 50 per cent reduction in the fares of government buses. Sanwo-Olu had slashed bus prices by 50 per cent on 8 February

Breaking: CBN Tell Banks To Increase Interest Rate On Loan, Set MPR At 18.5%

CBN’s Emefiele Addresses N500m Support For Labour Party Against Tinubu, Sanwo-Olu

March 13, 2023

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has denied plotting against President-elect, Bola Tinubu. Reports had circulated earlier on Monday, alleging that the central bank head is working with

#NigeriaDecides2023: See Full Breakdown 12 Lagos LGAs Declared Results

#NigeriaDecides2023: See Full Breakdown 12 Lagos LGAs Declared Results

February 27, 2023

The results for the local government areas announced include — Lagos Mainland, Ikorodu, Epe, Ibeju-Lekki, Lagos Island, Badagry, Ikeja, Kosofe, Eti-Osa, Somolu, Amuwo-Odofin and Agege. There are 20 local government areas in

Sanwo-Olu re-election

Business News·Top Stories

Sanwo-Olu Agrees To Meet Lagos Bus Drivers Protesting Extortion

November 1, 2022

The Governor of Lagos State, Babajide Sanwo-Olu, has agreed to meet with members of the National Union of Road and Transport Workers (NURTW) and the Road Transport Employers Association of Nigeria (RTEAN)

AA Governorship Candidate Tackles Sanwo-Olu Over Lagos Bus Drivers’ Protest

October 31, 2022

The Lagos State governorship candidate of the Action Alliance (AA), Tope AbdurRazaq Balogun, has condemned Governor Babajide Sanwo-Olu’s government for snubbing the complaints of Lagos commercial bus drivers. Prime Business Africa had

Catholic Church Berates Lagos Govt Over Abortion Legalization

July 4, 2022

Catholic Archdiocese of Lagos has condemned the legalisation of abortion by Lagos State government.

Business News·Real Estate

Tony Elumelu’s Afriland Properties, Lagos State Sign Partnership To Develop Falomo Towers

June 18, 2022

Lagos State Development and Property Corporation (LSDPC) and Afriland Properties signed a Public Private Partnership (PPP) to upgrade the Falomo Shopping Mall, situated in Ikoyi. This was announced in a video sent

Top Stories·News

Amid Tension, Tolling At Lekki Gate Set To Reopen

April 1, 2022

There was an uneasy calmness Friday morning at the Lekki Toll gate with the scheduled reopening of tolling operations at the Lekki-Ikoyi Bridge reports Prime Business Africa.

Top Stories·News

Lagos State Government Intervenes In NURTW, MC Oluomo Face-off, Inuagurates Committee

The Lagos State Government has stepped into the crisis rocking the National Union of Road Transport Workers Union in the state by banning the union’s activities in all parks and garages.

March 11, 2022

Lagos State, Udo-Obong Ready For International Schools Athletics Championship

The stage is now set for the maiden International Schools Athletics Championship (ISAC) to be staged by Sports Business Network, a brain child of Olympic gold medalist Aniefiok Udo- Obong in conjunction with Lagos State Athletics Association. Udo- Obong, gold medallist

February 16, 2022

Lagos Governor, Babajide Sanwo-Olu

Riding On Lagos Red, Blue Rail Line System Will Be Affordable – Sanwo-Olu

Lagos State Governor, Mr Babajide Sanwo-Olu has assured that riding on the Red and Blue Lines rail system in the state will be affordable and cost-effective to passengers.

January 28, 2022

Lagos State government

No Allocation For Permanent Structure On Coastal Road Site – LASG

Lagos State Government has debunked insinuations that it is allocating land for permanent structures on the Lekki/Epe Coastal Road in Eti-Osa Local Government Area to private developers.

January 7, 2022

Magodo

Lagos Speaks on Magodo Invasion, Vows To Prosecute Culprits

The Attorney-General and Commissioner for Justice, Lagos State, Moyosore Onigbanjo (SAN), has spoken about unknown bailiffs that carried out the execution that threw landlords and residents into confusion in the Magodo Phase 2 Estate. Onigbanjo, in a statement on Thursday, described the

December 24, 2021

Gov. sanwo Olu 1

Lagos Attracts 80% Of Investments Coming To Nigeria – Sanwo-Olu

The Lagos State Governor, Babajide Sanwo-Olu, has disclosed that the state attracts about 80 per cent of investment that comes to Nigeria. Sanwo-Olu made this known over the weekend while delivering a speech at the third Lagos investors’ roundtable organised by the

November 22, 2021

Lagos Govt Vows To Demolish Illegal Structures

Finance & Economy

Lagos Needs $15 Billion Over 5 Years For Development – Sanwo-Olu

The Lagos state government has said that it needed a sum $15 billion for infrastructural development in the state for the next 5 years.

November 19, 2021

LASTMA Boss Olajide Oduyoye

Top Stories·Transport

LASTMA Dismisses Officer Over Bribery Allegation

The Lagos State Traffic Management Authority (LASTMA), has dismissed one of its officials over allegations of misconduct.

August 11, 2021

CVR

Continuous Voter Registration: INEC Physical Biometric Capturing Begins In Lagos

Biometric registration and physical capturing of applicants in the ongoing Continuous Voter Registration (CVR) exercise began today in Lagos State. Femi Akinbiyi, the spokesperson for the Independent National Electoral Commission (INEC), said the exercise is taking place at the INEC headquarters in

July 26, 2021

Tax

Lagos Govt Seals Chinese Firm, Others For Refusing To Pay Tax

Lagos State Internal Revenue Service (LIRS) has sealed a Chinese firm and 15 other hospitality firms for failing to meet up with their tax submission deadline. The affected companies which include a Chinese firm, restaurants, hotels, and guest houses, were shut down

July 20, 2021

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Iran Conflict Pushes South African Fuel Prices Sharply Higher

South Africa will raise petrol prices by more than 11%

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

India and New Zealand’s free trade agreement (FTA) will take

UBA marina house

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

NGX

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in

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