January 30, 2024 – Environmental Lagos

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

Posted on

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

Posted on

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

Posted on

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 […]

Lagos says Fourth Mainland Bridge will traverse 5 LGAs, property prices to increase

Posted on

The Lagos State Government has revealed that the proposed 37km Fourth Mainland Bridge will traverse 5 local government areas in the state. This was disclosed by the Lagos State Commissioner for Information and Strategy, Gbenga Omotosho, while speaking at a recent interview programme aired on a Radio Station, City FM 105.1. Omotosho said the Fourth Mainland […]

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

Posted on

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 […]