...news, reports, issues... about Lagos
The Minister of Finance and Coordinating Minister of the Economy, Olawale Edun has said Nigeria is economically far much better than where it was when the President Bola Tinubu administration took over on 29 May, 2023. Edun spoke during a question and answer session at a session on the floor of the House Representative on […]
A Federal High Court sitting in Lagos on Tuesday granted N30m bail to a businessman, Lanre Smith, accused of N10m fraud. Justice Ibrahim Kala granted the bail following a motion filed and argued by the defendant’s lawyer, Akin Apara. Apara who pleaded with the court to admit the defendant to bail on liberal terms stated […]
The federal government has explained that the exit of pharmaceuticals from Nigeria was due to the non-domestication of their products in the country. The Minister of State for Health and Social Welfare, Dr. Tunji Alausa, made this disclosure at a World Cancer Day symposium organised by Project Pink Blue with the theme: “Economy, Tax and […]
• Children at risk of acute malnutrition as harsh environment cripples poultry industry• Cost of eggs triple in 15 months, farmers abandon business• Soybeans growers snub industry, take products to border to earn foreign currencies• 9 out of every 10 children lack access to egg Stakeholders in the poultry business are worried that unless urgent […]
Trade Union Council (TUC), Food, Beverage and Tobacco Senior Staff Association (FOBTOB), and National Union of Food Beverages and Tobacco Employees (NUFBTE), yesterday, protested at the Lagos office of the National Agency for Food and Drug Administration and Control (NAFDAC) against the ban on manufacture and sale of alcoholic beverages in sachets. Vice chairman of […]
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has revealed that between 2010 and 2020, Nigerians spent about $40 billion on foreign education expenses and medical treatment abroad. While foreign education expenses amounted to $28.65 billion, the CBN governor said medical treatment abroad incurred around $11.01 billion. Cardoso who revealed this at the […]
•Harassment, defamation not option for debt recovery, Commission warns The Federal Competition and Consumer Protection Commission (FCCPC) has expressed worries over continuous violation of its Limited Interim Regulatory/Registration Framework and Guidelines by online lenders popularly known as loan apps. FCCPC, in a statement signed by its Acting Executive Vice Chairman/Chief Executive Officer, Dr Adamu Abdullahi, […]
Electricity consumers who had paid for meter under the fluffy Meter Asset Provider(MAP) initiative of the federal government, are impatiently seeking refund from Electricity Distribution Companies(DisCos), most of which are reluctantly implementing repayment directive issued by the Nigerian Electricity Regulatory Commission(NERC) in the wake of failure of the initiative. The government had, through the NERC, […]
Nigerians hoping to escape the increasing hardship in the country by seeking visas or irregular means to migrate to European countries will have a herculean task surviving in those countries because life is challenging in Europe now. In recent years, especially in the last seven months, the deplorable conditions, occasioned a deteriorating economy has forced […]
Against the backdrop of the abduction wave across the country, the demand for bulletproof vehicles by Very Important Persons and other wealthy Nigerians has increased, The PUNCH can report. Armoured vehicle dealers, who spoke to The PUNCH, confirmed they had been recording increased sales of customised bulletproof Sport Utility Vehicles since the kidnapping epidemic worsened. In recent weeks, […]
