Nigeria’s Airlines Face Operational Crisis After 270% Spike in Aviation Fuel Costs Threatens Flight Services Airline operators in Nigeria have raised serious concerns over a sharp and unprecedented surge in aviation fuel prices, reporting an increase of approximately 270%. Industry leaders say the spike far exceeds global trends and is placing severe financial strain on carriers, threatening the sustainability of airline operations across the country. The Airline Operators of Nigeria
Category: West Africa
Ghana Secures €20m EU Grant to Upgrade Tema–Mpakadan Rail Signalling System
European Union approves €20 million grant to modernise Ghana’s Tema–Mpakadan railway signalling and boost rail capacity and safety Ghana’s efforts to modernise its rail infrastructure have received a major boost after the European Commission approved a €20 million grant equivalent to approximately $21.6 million to upgrade signalling systems on the Tema–Mpakadan railway line. The funding will support the deployment of the European Train Control System (ETCS) Level 1, a technology
UK–Nigeria £746 Million Deal Set to Transform Lagos Ports Infrastructure
Britain and Nigeria Sign £746 Million Export Finance Agreement to Modernize Lagos and Tin Can Island Ports Britain and Nigeria have announced a £746 million ($990.32 million) export finance agreement to fund the redevelopment of two of Nigeria’s key trading hubs: the Lagos Port Complex and the Tin Can Island Port Complex. The agreement comes as President Bola Tinubu undertakes the first Nigerian state visit to the United Kingdom in
Marsa Maroc to Manage Port of Monrovia in Major West Africa Expansion
Marsa Maroc Signs Deal to Operate Liberia’s Port of Monrovia from 2026, Expands African Footprint Marsa Maroc has signed an agreement with the National Port Authority of Liberia to manage the Port of Monrovia starting in the first half of 2026. The agreement marks a significant step in the Casablanca-listed operator’s African expansion strategy, as it deepens its presence across West and East Africa. Infrastructure Upgrade and Terminal Development Under
Lekki Deep Sea Port Emerges as Nigeria’s Fastest-Growing Trade Hub
Lekki Deep Sea Port Handles $9.3 Billion in Trade, Cementing Status as Nigeria’s Second-Largest Port Nigeria’s Lekki Deep Sea Port has recorded approximately 13.46 trillion naira in combined imports and exports over the first nine months of 2025, equivalent to around $9.3 billion at current exchange rates. This achievement positions the port as the country’s second-largest in trade value, a remarkable feat for a facility that only began commercial operations
Benin Launches Africa Logistics Zone to Transform Cotonou into West Africa’s Premier Trade Hub
Africa Logistics Zone Debuts in Benin, Advancing Cotonou’s Role as a Regional Logistics and Supply Chain Powerhouse Benin has taken a major step toward positioning itself as West Africa’s leading trade and logistics hub with the launch of the Africa Logistics Zone, a flagship initiative developed jointly by the Port Autonome de Cotonou (PAC) and Port of Antwerp-Bruges International (PoABI). Leveraging its strategic coastal location, the Port of Cotonou serves
Nigeria Approves First National Land Transport Policy to Drive Innovation and Regional Competitiveness
Nigeria Launches First-Ever National Land Transport Policy to Modernize Mobility, Boost Innovation, and Strengthen Africa’s Transport Integration Nigeria has taken a major step toward transforming its transport landscape with the Federal Executive Council’s approval of the country’s first-ever National Land Transport Policy. The milestone initiative aims to modernize infrastructure, promote innovation, and enhance regional competitiveness across Africa. The announcement was made by the Minister of Transportation, Senator Said Ahmed Alkali,
Nigeria Unveils $60B High-Speed Rail Linking Lagos, Abuja, Kano, Port Harcourt
Nigeria Plans 4,000km High-Speed Rail Network to Connect Lagos, Abuja, Kano, and Port Harcourt Nigeria has announced plans to construct a 4,000-kilometre high-speed rail network aimed at connecting key economic corridors, boosting trade, and promoting national integration. The announcement followed a meeting in Abuja between the Secretary to the Government of the Federation (SGF), Senator George Akume, and the management of De-Sadel Nigeria Limited along with its financial partner, China
Mercedes-Benz to Launch Truck Assembly Plant in Senegal
Mercedes-Benz Expands into Senegal with New Truck Assembly Plant to Power West Africa’s Automotive Growth Mercedes-Benz is set to expand its manufacturing presence in West Africa with the establishment of a truck assembly plant in Senegal. This landmark initiative marks a significant step forward for the region’s automotive industry and industrialization efforts. The project was formalized through a letter of intent signed by the Senegalese government, German automotive leader Mercedes-Benz,
Aliko Dangote to Build Nigeria’s Deepest Seaport to Boost Industrial Exports
Aliko Dangote Plans Massive Seaport in Ogun State to Expand Fertilizer and LNG Exports Africa’s richest man, Aliko Dangote, is advancing plans to build a massive deep-sea port near his fertilizer and oil refinery complexes in a strategic move to streamline exports and support the growth of his industrial empire. In a recent interview in Lagos, Dangote revealed that his group submitted formal documentation in late June to initiate construction