Business
Federal Government Launches Lagos Channel Management Review Exercise
Lagos channel management technical validation begins as Federal Government reviews joint venture operations for dredging and maritime efficiency
The Federal Government has commenced a five-day technical validation exercise of its long-standing joint venture on Lagos channel management in a move aimed at strengthening oversight and ensuring value for money in Nigeria’s key maritime corridor.
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The initiative, announced by the Ministry of Marine and Blue Economy, is being carried out in collaboration with the Nigerian Ports Authority (NPA) to assess the performance of Lagos Channel Management Limited (LCM), which has overseen maintenance of Lagos Harbour access channels since 2005.
According to the ministry’s Director of Information and Public Relations, Anastasia Ogbonna, the exercise is designed to verify operational efficiency, confirm technical outputs, and establish stronger accountability within the partnership framework.
A high-level delegation led by the Director of Maritime Services, Meshack Adeola Oyinloye, is currently conducting on-site inspections to independently review dredging activities, cost efficiency, and overall performance outcomes under the joint venture arrangement.
The Lagos channel management technical validation will also establish a baseline for future monitoring, ensuring that operational assessments are guided by verified data and measurable benchmarks.
Officials said the exercise will help determine whether reported achievements align with actual field performance, while also evaluating the cost-effectiveness of ongoing channel maintenance operations.
The ministry noted that the review is part of broader efforts to strengthen governance in the maritime sector and align infrastructure management with the goals of Nigeria’s blue economy strategy.
Findings from the exercise are expected to guide future decisions on channel maintenance and improve the long-term sustainability of Lagos waterways, which handle a significant share of the country’s maritime trade.
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Since its establishment in 2005, Lagos Channel Management Limited has been responsible for dredging operations, wreck removal, bathymetric surveys, and maintenance of navigational aids to ensure safe passage for vessels navigating the Lagos Harbour corridor.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
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