Month: January 2024

Naira records biggest fall in official market, depreciates to N1348/$ 

•As CBN releases $500m to clear more FX backlog By Babajide Komolafe, Emma Ujah &  Elizabeth Adegbesan In apparent reflection of the dollar scarcity plaguing the economy, the Naira yesterday recorded its biggest fall in the official Nigerian Foreign Exchange Market (NAFEM) where it depreciated by 24 per cent to 20 N1,348 per dollar.  Data from […]

Nigerians go for used disposable plastics as economy bites harder

Wonders, they say, shall never cease, as Nigerians resort to the use of unimaginable things to survive, as the current state of the economy continues. The days when anyone thought about people’s perception of any demeaning changes made in living standards has long gone. Economy&Lifestyle discovered that one of the new changes Nigerians are making […]

OPay rolls out security features to secure customers’ fund

OPay, a Nigerian financial technology firm, has implemented various security measures to prevent financial fraud. The initiative was aimed at improving the platform’s security and protecting customers from fraudulent activities, the firm said in a statement. OPay said it was recently applauded by the World Economic Forum and was recently awarded the consumer choice award […]

After FIJ’s Story, Jumia, Konga Delist Crusader Soap

Jumia and Konga, two of Nigeria’s online markets, have delisted Crusader medicated soap, a cancer-causing cosmetic product, on their platforms. This came after FIJ reported that the two stores and some others were still selling the product banned by the National Agency for Food and Drug Administration and Control (NAFDAC) for the health hazards it […]

Nigeria’s National ID ranks 9th most-attacked by fraudsters in Africa – Report

The latest report by Africa’s identity verification startup, Smile ID, has revealed that the Nigerian National Identity document is one of the most-attacked documents by fraudsters wanting to clone IDs, ranking 9th in Africa. According to the 2024 Digital Identity Fraud in Africa Report, National ID cards of African countries have seen a surge in attacks […]

Lagos tenant hospitalised as landlady breaks into apartment

Olanike, the wife of a car dealer, Ayodeji Soetan, has been hospitalised after their landlady, Juliet Akano, allegedly vandalised and broke into his apartment at Tijani Bello in the Ojodu area of Lagos State. PUNCH Metro learnt that the incident happened at about 11 am on Wednesday, January 24. Speaking with our correspondent on Sunday, Soetan […]

Tomato farmers, traders cry out over cost of produce in Badagry

Just like the price of other foodstuffs and agro commodities rising on daily basis, tomato traders in Badagry, Lagos State, have cried out over the growing price of the commodity, leaving them with little or no profit. According to The Guardian investigations across markets in the area, a basket of tomato, which they previously buy […]

Beware! COVID infections, fatalities still on the prowl

Recent studies have shown that COVID-19 and its aftermath, otherwise called ‘Long COVID’, thrives in Nigeria and other developing countries unreported, because of little or no testing. Not only is the prevalence of Long COVID poorly understood, but also often ignored by physicians and the wider public, CHUKWUMA MUANYA writes. Long COVID is a complex […]

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