...news, reports, issues... about Lagos
Ravaged by political and social economic challenges, Nigeria has dropped to the position of eighth happiest country in Africa, according to the 2023 World Happiness Report. The latest report showed that as of March 2023, Finland was the happiest country in the world for the sixth consecutive time. Only two decades ago, Nigeria was ranked […]
Chief Olusegun Osunkeye has a rich profile. An accomplished captain of industry, Osunkeye occupied top offices at blue chip companies in Nigeria including West Africa Portland Cement, WAPCO, where he was the Company Secretary/Accountant from 1969 to 1972, GlaxoSmithKline (GSK) and Nestlé. He retired from executive positions in 1999 but was recalled from retirement and […]
Dr Dasuki Ibrahim Arabi is the Director General of the Bureau of Public Sector Reforms, the body overseeing reforms at the federal level including the implementation of the Oronsaye Report. President Bola Tinubu’s Special Adviser on Policy Coordination, Ms Hadiza Bala-Usman, and the Minister of Information and National Orientation, Mohammed Idris, announced last week that […]
The Minister of Arts, Culture and Creative Economy, Hannatu Musawa, has expressed sadness over the death of renowned Nollywood actor, John Okafor, popularly known as Mr Ibu. The minister, in a statement through her Special Adviser on Media and Publicity, Nneka Anibeze, described the occurrence as “one death, too many”. Musawa said this was coming […]
A Nigerian based in Canada, Kayode Stephen, has been accused of defrauding several people of millions of naira under the pretext of getting them certificates of sponsorship for care jobs in the United Kingdom. A home learning website — www.ncchomelearning.co.uk— describes a care worker as ‘a trained professional who supports other people in all aspects […]
The torrential fall of the Naira which has turned the petroleum supply chain into a quagmire is fast eroding the projected gains after the federal government finally removed the petrol subsidy regime.Oil marketers and government officials also appear not to be on the same page when it comes to the actual landing cost of Petroleum […]
It is ten kilometres from the Port Harcourt International Airport to Wigwe International University in Isiokpo. From the airport junction deep into the hinterland, every turn wears a new look in anticipation of receiving an “august visitor”. Preparations for the final burial of the billionaire business mogul, Dr Herbert Wigwe on hypersonic speed. Roads are […]
The Naira on Friday depreciated to N1,540 per dollar in the parallel market from N1,490 per dollar on Thursday. However, the naira appreciated to N1,548.25 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,548.25 per dollar from N1,595.11 per dollar on […]
Despite deregulation, Pinnacle Oil and Gas Limited, an indigenous oil and gas company active across the entire downstream value chain, has disclosed that Nigeria is currently paying about N1 trillion monthly as petrol subsidy. The Managing Director/CEO of the company, Mr. Robert Dickerman, disclosed this while speaking during a panel session six, on Nigeria’s Downstream […]
Over 70 million bank customers are at risk of losing access to their accounts when the Central Bank of Nigeria’s directive on restricting accounts without Bank Verification Numbers and National Identification Numbers goes into effect. The CBN had on December 1, 2023, in a circular directed that a ‘Post no Debit’ restriction be placed on […]
