₦airaland Forum

Just30:
They just announced a cross border mobile money transfer between Ghana and Nigeria

they are yet to activate this route I guess, I have been trying to used this method for the past two days now , the response remain invalid .


I want to see their exchange rate and compare it to our known traditional method

Just30:
They just announced a cross border mobile money transfer between Ghana and Nigeria

Really? That would be great.

First Bank Nigeria will hold a groundbreaking ceremony tomorrow for its new corporate HQ, a 40 storey tower in Eko Atlantic City that will become the tallest building in Nigeria upon completion.

GeneralDae:
Really? That would be great.

yeah

GeneralDae:
First Bank Nigeria will hold a groundbreaking ceremony tomorrow for its new corporate HQ, a 40 storey tower in Eko Atlantic City that will become the tallest building in Nigeria upon completion.

I see what EAC did there, they want to build according to the designs in the plan.

That design was in the original render of EAC and it's called corporate tower😁, I believe they asked first bank to build according to the plan.

It'll actually be 43fl at about 250m.

Kenya largest slum - Kibera slums - giving way to largest affordable housing.

Ruto intend to build a million units countrywide

Very cheap affordable houses that even slum dwellers can afford to buy leave alone rent.

theenchanter:
I see what EAC did there, they want to build according to the designs in the plan.

That design was in the original render of EAC and it's called corporate tower😁, I believe they asked first bank to build according to the plan.

It'll actually be 43fl at about 250m.

43 livable floor, including the crown will makes it 47fl.
Including the long pole ( I can't remember what they call it) at the top makes it 53fl or so

Mkenya2019:
Kenya largest slum - Kibera slums - giving way to largest affordable housing.

Ruto intend to build a million units countrywide

Very cheap affordable houses that even slum dwellers can afford to buy leave alone rent.

Nice one, same thing Tinubu started around February last year in all 36 states of the federation (pictures taken in October 2024).
The program aims to deliver 100,000 housing units nationwide through different financing models. Work is ongoing at a total of 13 states plus FCT to deliver 10,112 housing units under the Renewed Hope Cities and Estates Program

Great. Housing shouldn't left to informal sector. Gov, pension, life insurance n large housing investor should build houses that are cheap enough to bought through mortgage in Africa like rest of the world

GeneralDae:
Nice one, same thing Tinubu started around February last year in all 36 states of the federation (pictures taken in October 2024).
The program aims to deliver 100,000 housing units nationwide through different financing models. Work is ongoing at a total of 13 states plus FCT to deliver 10,112 housing units under the Renewed Hope Cities and Estates Program

Katampe Extension, Abuja

ProblemChild1:
Katampe Extension, Abuja

I honestly pity dwellers in Gwagadala ,Nyanya and others of similar status.
They will soon be joining this league

Somewhere in Kumasi ( Ashanti regional Capital of Ghana).

Abuja is truly beautiful. Watch this: Ibrahim Babangida Boulevard.


https://www.youtube.com/watch?v=JF3ZamPcCXQ?si=u6tHbl3PXWkntOQm

rvp20182:
Great. Housing shouldn't left to informal sector. Gov, pension, life insurance n large housing investor should build houses that are cheap enough to bought through mortgage in Africa like rest of the world

Seems like it's a having a negative effect on private sector

StivoH2022:
Seems like it's a having a negative effect on private sector

Why should it?

Alaro

Nigeria's Dangote complex has started producing from its 830,000 mt/year polypropylene facility.

The petrochemical units are some of the last to be commissioned at the new site and promise around an 800% increase in Nigeria's polypropylene capacity.


Nigeria's new Dangote refinery has commenced the startup of its polypropylene facility in Lagos, market sources told Platts March 10.

Starting up Dangote's 830,000 mt/year polypropylene site was one of the last outstanding milestones for the oil refining and petrochemical complex in its commissioning sequence, which has been taking place since January 2024.

Polypropylene production has now started, with supplies being distributed in 25 kg bags, and has already threatened to upend the domestic market, two market sources told Platts, part of S&P Global Commodity Insights.

One trade source said that the Dangote Group began preemptively offering polypropylene supplies as early as February. A company representative was not immediately available for comment.

Dangote Group CEO Aliko Dangote previously set out hopes that the complex would fully cover some 250,000 mt/year domestic demand for polypropylene, which is commonly used in plastic packaging and textiles.

Once fully operational, the Dangote facility is set to become Africa's largest polypropylene production site, producing from two polypropylene units with capacities of 500,000 mt/year and 330,000 mt/year.

Market participants have warned that the new capacity could quickly capture market share in the existing polypropylene homopolymer market, which has so far been concentrated at Indorama Eleme's Port Harcourt refinery in Nigeria and drawn imports from the Middle East.

In the oil market, the giant privately owned Dangote complex has so far shown an ability to significantly undercut local producers, triggering steep discounts in the gasoline retail market from state oil company NNPC.

Already, the refinery has substantially displaced traditional trade routes for oil products that would typically flow from Europe to West Africa, serving a growing share of the domestic market as NNPC's newly restarted Port Harcourt and Warri refineries have suffered outages.

A Dangote executive told Platts in February that the oil refinery should reach its full 650,000 b/d capacity by mid-March, without providing an updated timeline for the petrochemicals site to reach full utilization.

Platts last assessed the CFR West Africa PP raffia spot price at $1,090/mt March 5, unchanged on the week.

Nigeria Demand: 250k MTPA
Port Harcourt Eleme Capacity: 120k MTPA
Imports: ~130k MTPA (250 - 120)

Dangote capacity: 830k MTPA

It too early to make such calls. We are just getting started. Decade or so we can talk of impact.

StivoH2022:
Seems like it's a having a negative effect on private sector

This is Why Abuja remains the most planned city in Africa.


https://www.youtube.com/watch?v=EIAiyc1IhuE?si=fSS__IJC25FOZx_Y

Eko Atlantic

MTN Nigeria, the country’s largest telecoms operator, plans to establish its new headquarters in Eko Atlantic, becoming the first telecom company to build in the rapidly expanding coastal city, Chief Executive Officer Karl Toriola said.

GeneralDae:
Eko Atlantic

MTN Nigeria, the country’s largest telecoms operator, plans to establish its new headquarters in Eko Atlantic, becoming the first telecom company to build in the rapidly expanding coastal city, Chief Executive Officer Karl Toriola said.

Very soon, Many companies will like to have their headquarter in Eko Atlantic. I predict some Consulates will follow the US too.

On a second note, the rate at which LASG is demolishing shanties is 🥶. Almost all shanties in major places is Lagos are currently being demolished.🫠 I'll like to see what the city would look like in the next decade.😂

theenchanter:
Very soon, Many companies will like to have their headquarter in Eko Atlantic. I predict some Consulates will follow the US too.

On a second note, the rate at which LASG is demolishing shanties is 🥶. Almost all shanties in major places is Lagos are currently being demolished.🫠 I'll like to see what the city would look like in the next decade.😂

I’m just happy real work is now being done at Makoko. The center of poverty porn shows.

Kibera slum is transforming - and this 1st year of Ruto affordable housing program.


https://www.youtube.com/watch?v=FBLQxg4rdOQ

rvp2018:
Kibera slum is transforming - and this 1st year of Ruto affordable housing program.


https://www.youtube.com/watch?v=FBLQxg4rdOQ

I didn't know it was such a big project...I've been seeing pics of 4 blocks

4,500 units is huge. These projects are huge and impact will be felt in many years later/

StivoH2022:
I didn't know it was such a big project...I've been seeing pics of 4 blocks

Nigerian food delivery startup chowdeck is expanding to Ghana, aiming to reach 52 cities across Nigeria and beyond by year-end.

2024 mobile money transactions in Ghana increased by 58% to 3.02 trillion Cedis...About 200 billion dollars

Ghana total exports increased to 27 billion dollars.

.

Record number of Americans have applied for UK citizenship, per FT.


America will never forget Donald Trump

GeneralDae:
Nigeria's Dangote complex has started producing from its 830,000 mt/year polypropylene facility.

The petrochemical units are some of the last to be commissioned at the new site and promise around an 800% increase in Nigeria's polypropylene capacity.


Nigeria's new Dangote refinery has commenced the startup of its polypropylene facility in Lagos, market sources told Platts March 10.

Starting up Dangote's 830,000 mt/year polypropylene site was one of the last outstanding milestones for the oil refining and petrochemical complex in its commissioning sequence, which has been taking place since January 2024.

Polypropylene production has now started, with supplies being distributed in 25 kg bags, and has already threatened to upend the domestic market, two market sources told Platts, part of S&P Global Commodity Insights.

One trade source said that the Dangote Group began preemptively offering polypropylene supplies as early as February. A company representative was not immediately available for comment.

Dangote Group CEO Aliko Dangote previously set out hopes that the complex would fully cover some 250,000 mt/year domestic demand for polypropylene, which is commonly used in plastic packaging and textiles.

Once fully operational, the Dangote facility is set to become Africa's largest polypropylene production site, producing from two polypropylene units with capacities of 500,000 mt/year and 330,000 mt/year.

Market participants have warned that the new capacity could quickly capture market share in the existing polypropylene homopolymer market, which has so far been concentrated at Indorama Eleme's Port Harcourt refinery in Nigeria and drawn imports from the Middle East.

In the oil market, the giant privately owned Dangote complex has so far shown an ability to significantly undercut local producers, triggering steep discounts in the gasoline retail market from state oil company NNPC.

Already, the refinery has substantially displaced traditional trade routes for oil products that would typically flow from Europe to West Africa, serving a growing share of the domestic market as NNPC's newly restarted Port Harcourt and Warri refineries have suffered outages.

A Dangote executive told Platts in February that the oil refinery should reach its full 650,000 b/d capacity by mid-March, without providing an updated timeline for the petrochemicals site to reach full utilization.

Platts last assessed the CFR West Africa PP raffia spot price at $1,090/mt March 5, unchanged on the week.

Nigeria Demand: 250k MTPA
Port Harcourt Eleme Capacity: 120k MTPA
Imports: ~130k MTPA (250 - 120)

Dangote capacity: 830k MTPA

In essence, Dangote can meet Nigeria's fuel demand with some left for the subregion

vaxx:
Record number of Americans have applied for UK citizenship, per FT.


America will never forget Donald Trump

he's the best thing to happen to their country since JFK was killed