Nigeria begins construction on Africa’s tallest skyscraper at Abuja City Walk.
(NAIJA TV) - President Bola Tinubu has officially approved the construction of a 450‑meter landmark corporate tower at the Abuja City Walk, a development that will become the tallest skyscraper in Africa and a powerful symbol of Nigeria’s rising global ambition.
The iconic structure, designed by the internationally acclaimed architecture firm Benoy, will soar 450 meters (1,476 feet) into the Abuja skyline, surpassing Egypt’s Iconic Tower (393.8 meters) and Côte d’Ivoire’s Tower F (421 meters) to claim the title of the continent’s tallest building.
The project is part of the larger ₦2.4 trillion ($1.5 billion) Abuja City Walk smart city development, a 250‑hectare mixed‑use district located along the Nnamdi Azikiwe International Airport Road corridor.
More than a skyscraper, the project is conceived as a landmark of optimism — a contemporary icon embodying the confidence, resilience, and future of Africa.
“At its peak, an iconic mixed-use tower anchors the skyline, offering premium high-density living with panoramic views across the city and surrounding landscape,” the project vision states.
“Envisioned as a symbol of Africa’s future aspirations, the tower rises above the Abuja skyline as a bold expression of ambition, innovation, and progress. Its elegant twin-form geometry represents unity, growth, and the convergence of culture, technology, and opportunity within Nigeria’s capital.”
The sculptural silhouette creates a dynamic sense of upward movement, reflecting Abuja’s rise as a globally recognised destination for innovation, culture, and investment. At ground level, lush landscapes, water features, and public spaces reinforce a vision of sustainable and people‑centered urban living.
Rising to over 450 metres, Africa’s tallest tower redefines the continental skyline, its sleek, aerodynamic silhouette forming a fluid dialogue with the surrounding landscape. Continue reading in the comments section.
CREDIT: #naijatv
Tinubu and his cabal of a government aren’t just shameful.
They are dangerously disgraceful, catastrophic embarrassment that’s they easily forget we the Nigerians into oblivion.
The Federal Government did not just lose a policy yesterday. They exposed the fundamental disease at the heart of Nigerian economic governance. The disease of announcing solutions before building the infrastructure to sustain them.
Naira-for-crude was built on one assumption. That NNPCL would consistently supply Dangote with naira-denominated crude in volumes large enough to match his refining capacity.
That assumption collapsed over 21 months while the government was still citing the policy as evidence of economic competence.
Dangote Refinery processes up to 700,000 barrels of crude daily. At current prices that is roughly $49,000,000 worth of crude every single day. To sustain a naira-for-crude arrangement at that scale, NNPCL needed to consistently deliver naira-priced crude at volumes matching that appetite while managing its own dollar obligations to joint venture partners simultaneously.
They could not do both. So they quietly shifted more crude supply to dollar arrangements. The refinery’s revenue remained in naira but the mismatch grew. The foreign exchange exposure became unsustainable. And on July 13, 2026, just yesterday, Dangote did what any rational private business would do.
He aligned his revenue currency with his cost currency and sent Nigeria’s government a very expensive lesson in policy design.
The deeper problem is this. Nigeria celebrated the naira-for-crude policy at the announcement stage instead of the delivery stage. There was no binding legal framework protecting the naira supply volumes. There was no escalation mechanism when NNPCL began shifting to dollar arrangements. There was no contingency plan for exchange rate volatility. The policy was built on goodwill and optimism rather than contractual obligation and institutional design.
Now every fuel marketer in Nigeria must source dollars before buying products from the country’s largest domestic refiner. That dollar demand enters the foreign exchange market daily. That pressure lands on the naira. The very currency the policy was designed to protect now faces additional structural pressure from the policy’s own failure.
Nigeria spent 21 months celebrating a policy that had no foundation strong enough to survive the first real test of market conditions.
This is not Dangote’s failure. He built a $20 billion private refinery and protected his commercial interests exactly as any responsible businessman should. This is the Nigerian government’s failure to build policy with the same seriousness and structural integrity that Dangote brought to building that refinery.
One man spent 20 years building something that works. The government spent 21 months celebrating an arrangement they never properly secured.
The press conferences have stopped and the reality has started.
BREAKING: Lagos Sets Sight On Massive 2,000MW Power Plan
The Lagos State Government is quietly rolling out one of the biggest power reforms in Nigeria's history, from a 2,000MW electricity expansion to dedicated power plants for Victoria Island and an independent 24-hour power grid for Eko Atlantic.
Could this finally be the beginning of the end for "I pass my neighbour" generators?
More importantly, what does this mean for businesses, property prices, and everyday Lagosians?
This video explains in details
THE TOP—PERFORMING GLOBAL STOCK MARKETS (July, 2026)
Country — YTD Returns in USD(%)
1 🇳🇬 Nigeria (NGX) — +67
2 🇰🇷South Korea (Kospi) — +66
3 🇬🇭Ghana (GSE) — +65.9
4 🇹🇼Taiwan (TWSE) — +54.3
Nigeria's NGX overtakes South Korea's Kospi as world's best performing equity market as of 9th of July, 2026.
#StatiSense
(Bloomberg)
It is highly interesting and deeply ironic that Nigeria is currently being paraded as having the "world's best-performing stock market."
To put statistical illusion into clear mathematical perspective, South Korea comfortably has over 200 publicly traded companies with an individual market capitalization exceeding $1 billion USD. In stark contrast, the total number of companies on the Nigerian Stock Exchange with a market cap exceeding that same $1 billion mark sits at a measly, fluctuating 11 to 18. Furthermore, the South Korean Stock Exchange is home to over 2,500 listed companies, whereas the entire Nigerian stock exchange is struggling to maintain even 150. To make matters infinitely worse, the annual revenue of just one single South Korean conglomerate, Samsung, comfortably exceeds the entire, devalued annual Gross Domestic Product (GDP) of the Federal Republic of Nigeria.
So, it is obviously completely insane and deeply delusional to imagine that Nigeria is genuinely outperforming the rest of humanity in its actual economic output, industrial productivity, or stock market indices. Nigeria is currently the undisputed poverty capital of the world, where small businesses are collapsing by the dozens every single day. So that begs the question: what does this glowing market report actually mean for the ordinary people of Nigeria?
Well, for one, if a struggling, debt-ridden developing nation suddenly starts to heavily outperform advanced, highly industrialized nations on its stock exchange, it is actually a massive, flashing red indicator that the country in question is facing a severe and monumental hyperinflation. Nigeria is currently experiencing historic, record-breaking inflation, so this stock market boom is merely an indicator that wealthy oligarchs, institutional investors, and local investment banks have smartly recognized that if they hold their cash in standard bank accounts during this highly volatile period, they will lose their purchasing power every single day. Since they cannot easily access scarce foreign currencies like US dollars or Euros due to strict government currency controls, they desperately dump their fast-depleting Naira into solid, tangible local stocks like Dangote Cement, BUA Group, or MTN Nigeria just to preserve their wealth.
So, this triumphant news report that we are passionately commanded to celebrate is actually a terrifying warning sign that Nigeria is experiencing severe, runaway inflation. The local elites, corporate cartels, and bank directors are frantically tripping over themselves to buy blue-chip local stocks strictly to hedge against currency collapse, and this sudden, desperate surge in local demand has artificially driven up the prices of these shares to such a disproportionate, heavily padded percentage that on paper, it looks much more profitable to invest in the Nigerian stock market than in the highly productive, technologically advanced South Korean stock exchange.
Another major reason for this artificial stock market spike is the aggressive, reckless increase in interest rates by the Central Bank of Nigeria on behalf of the IMF and the World Bank. While this brutal rate hike has successfully collapsed thousands of local manufacturing businesses because commercial banks are now charging as high as 40% interest on business loans, it has also temporarily attracted a massive influx of volatile "hot money" from foreign speculators who are lending money to the Nigerian government by purchasing short-term treasury bills and sovereign bonds just to greedily exploit these high yields.
It is crucially important to historically emphasize that Nigeria is absolutely not the only developing country to be declared the "best-performing stock market in history." Mexico proudly achieved this exact same fraudulent title in the run-up to 1994, and it ended up almost collapsing their entire national economy into absolute oblivion. At the time, the Mexican government, acting on the strict advice of the World Bank, aggressively increased interest rates and adopted painful Structural Adjustment Programmes that triggered massive hyperinflation across the country. This temporarily, artificially increased their foreign reserves as yield-hungry international speculators dived in to exploit these high interest rates, causing their local real estate markets and stock exchanges to explode into a virtual goldmine for foreign investors. But this artificial boom did not even last for a few years. The moment the United States Federal Reserve increased its own interest rates, international investors panicked, liquidated their assets overnight, and pulled their hot money completely out of Mexico. This massive, sudden capital flight almost collapsed the Mexican Peso, forcing their desperate government to raise domestic interest rates to an astronomical 70%, but even this extreme measure was not enough to save the country from descending into total state failure. This was the exact moment Mexico was forced to accept a humiliating, sovereignty-destroying bailout from the IMF and the United States totaling a massive $57 billion. Exactly $20 billion of that came directly from the US treasury, but it came with the highly insulting, neocolonial condition that all revenues from the global sales of Mexican state-owned oil must be deposited directly into the Federal Reserve Bank in New York City as collateral to secure the debt, while the IMF forced even more brutal, structural adjustment programs on Mexico that the country has still not fully recovered from even to this very day.
So, while this stock market boom is currently being heavily marketed as another monumental, ground-breaking macroeconomic achievement by the Tinubu Administration, it is in reality extremely dangerous, deceptive, and reckless. Not only does it completely fail to reflect the actual, material reality on the ground, which is that Nigeria is currently the bleeding poverty capital of the world, but this exact, artificial economic bubble has the direct, terrifying potential to completely collapse the Nigerian economy, trigger massive capital flight, and permanently reduce the country to a subservient, bankrupt puppet state run entirely by the harsh austerity measures, economic dictates, and financial chains of boardroom terror organizations like the IMF and the World Bank.
Abroad people, share this good news from Orire LGA oooooo on your WhatsApp oooooooooo far and wide ooooooo.
2: are you still warning your parents and guardians on WhatsApp for sharing this good news of rescuing Orire Students and teachers.
Nigeria-Siemens Electricity Project: Reminder where we are:
2: @fgnpcppi is transforming Nigeria’s power infrastructure through strategic investments in TRANSMISSION UPGRADES, TRANSMISSION LINES, SUBSTATIONS, POWER TRANSFORMERS, and MOBILE SUBSTATIONS thereby unlocking STRANDED CAPACITY and improving access to reliable electricity for homes, businesses, and industries.
3: Sir @PeterObi read slowly because I don’t like the way you’re embarrassing yourself on the issue of electricity sector policy.
4: Take your time to understand the facts before making public claims.
4: To @atiku he can’t complain because he knows how much dem dem spend for electricity dem dem admin.
JUDICIAL RESTRUCTURING:
2: FG not Tinubu has started oooooo.
3: So many states visited Lagos state when Tinubu was Gov to study Lagos state Judicial sector reform developed by @ProfOsinbajo as the Gov Tinubu approved his recommendations.
4: @LOFagbemi is also positioning himself to leave a lasting legacy.
5: Tinubu no dey move by noise ooo.
6: Abeg anyone don copy Judicial reform sector introduced by @PeterObi in Anambra state, if dem dey self when he was Gov
-(a): or anyone recommended by @atiku to the Justice Ministry when he was VP.
7: Historians,answer me oooo, Yes or No