Lagos / Nigeria - Top Stories
1. Kara Bridge repairs start today
The Federal Government is beginning repairs on the damaged expansion joints at the Kara Bridge section of the Lagos-Ibadan Expressway today, September 8. Expect traffic diversions if you're on that corridor.
2. Dangote Refinery IPO - historic sale moves forward
Nigeria's Dangote oil refinery signed offering documents yesterday for its landmark IPO, on track to be Africa's biggest-ever share sale.
Offer period: September 14 to October 13
Plan: 4.1 billion shares at ₦525 each, raising about ₦2.15 trillion ($1.63bn) if fully subscribed, with option for 30% more in case of oversubscription.
The 700,000 b/d plant on the outskirts of Lagos has already reshaped Nigeria's fuel market. Dangote Sugar also just raised ₦486bn ($368m) in a rights issue yesterday.
3. Lagos infrastructure
Opebi Link Bridge will open to motorists before end of September, according to Gov. Sanwo-Olu. 431f7d87
Lagos to host 500+ maritime leaders for Lagos Maritime Week from Sept 8-10, focusing on blue economy, trade and security. 50e4
4. Politics & Economy roundup from papers today:
Headlines are dominated by clashes over social intervention funds, and opposition talks ahead of 2027. 4390
Vanguard leads with FG domestic borrowing up 90% to ₦24.7trn in 8 months, squeezing businesses.
Osun APC says it is not challenging the Aug 15 governorship result at the tribunal, clarifying earlier reports.
NDC party warns against misinformation on ticket sales for 2027.
5. Exchange & other notes
Dollar to Naira remains pressured — NaijaNews is tracking today's official rate.
Boxing returns to Nigeria: Balmoral Group & Amir Khan Promotions announced a major fight night in Lagos to be broadcast live on DAZN.
World - 5 stories you might have missed overnight
1. Indonesia airports reopen — Jakarta's main airport and four others reopened early Sept 8 after volcanic ash from Mount Anak Krakatau disrupted nearly 3,000 flights and stranded 340,000+ passengers over the weekend.
2. UK to ban trade with Israeli West Bank settlements — Britain is set to announce a trade ban on goods produced in Israeli settlements as early as today, plus possible sanctions on settlement builders — a major shift in policy.
3. Paris investigates Eiffel Tower incident — City authorities are probing claims that female staff were asked to hide during a visit by a Hindu religious delegation on Sept 5, leading to a staff protest that closed the monument late Sept 7.
4. Europe's telcos eye Starlink rival — Deutsche Telekom, Orange, Vodafone and Telefonica are in early talks for a joint satellite-to-mobile venture to bid on EU-reserved spectrum.
5. US Open tennis — Elena Rybakina beat Naomi Osaka 6-1, 6-4 yesterday to reach her first US Open quarter-final, where she'll face China's Zheng Qinwen. A semi-final spot would make her World No.1
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