...news, reports, issues... about Lagos
Nigerians will soon experience another wave of increases in the prices of goods by major manufacturers as most of them now depend more on loans to fund their operations, resulting in higher interest payments and increased cost of production. Financial Vanguard investigations show that due to scarcity of foreign exchange, general cash flow challenges and […]
Minister of Budget and National Planning, Atiku Bagudu, yesterday, highlighted that challenges facing agriculture go beyond insecurity to include high cost of fuel. During a session with the Senate Committees on Finance, Appropriation, Banking, Insurance and other Financial Institutions, warned of five councils where 70 per cent of their assigned land might not be cultivated […]
Former Governor of Ekiti State, Ayodele Fayose has called on the Nigerian government to regulate usage of social media due to level of abuse. Fayose, in a tweet on Sunday said “the truth we must all face is that we can’t keep operating an unregulated Social Media.” He said usage must be regulated in line […]
The Lagos State Government on Sunday gave a four days relocation notice to all squatters under the Obalende bridge as well as illegal motor parks operators and buses who have moved to the main road. Commissioner for the Environment and Water Resources, Tokunbo Wahab in company of his Transportation counterpart, Oluwaseun Osiyemi issued the ultimatum. […]
Power distribution companies overbilled about 7.1 million unmetered electricity consumers between January and September 2023, an analysis of the latest monthly number of overbilled customers showed. In the various Regulatory Interventions for Non-Compliance with the Order on Capping of Estimated Billing to Unmetered Customers, issued to the 11 Discos by the Nigerian Electricity Regulatory Commission, […]
The Central Bank of Nigeria has instructed regulated entities to provide customers with notices of outstanding obligations before beginning debt collection. This is to ensure that the debt recovery process is transparent, courteous, and fair. CBN stated this in a document released on Thursday on its website titled “Revised Consumer Protection Regulations.” It noted that […]
VICTOR AYENI writes about how traditional medicine is enjoying growing patronage in light of the skyrocketing prices of orthodox drugs in the country and the immense potential of research that lies in alternative medicine In the busy Sango Ota market, in the Ado-Odo/Ota Local Government Area of Ogun State, Mrs Ayoni Oladipo graciously showcased her […]
A former Minister of Power, Works and Housing, Babatunde Fashola, on Thursday called for the review of tenancy laws in states to compel landlords to collect rents monthly. Fashola spoke during the launch of his book titled: “Nigerian Public Discourse: The Interplay of Empirical Evidence and Hyperbole”, in Lagos. He said that advance payment of […]
The price of cement has risen by 100 per cent in three years to a record high of N7,000, on the back spiralling inflation in the country. Sunday PUNCH findings showed that the prices of cement ranged between N3,300 and N3,500 in Lagos and Ogun States in March 2021 but have jumped to between N6,500 and N7,000 […]
This is not the best of times for Nigerian families, who have had to adopt bizarre cost-cutting measures to cope with the recent hardship occasioned by the dramatic hike in the prices of goods and services. Several of them lamented that their income could no longer take care of their daily needs, adding that the […]
