...news, reports, issues... about Lagos
The naira began the new month on a bullish note, appreciating to N1,278.58 against the United States dollar from N1,309.39 per dollar recorded last week Thursday. This indicates an increase of N30.81 at the close of trading activity. According to data from FMDQ Securities, the indicative exchange rate for the Nigerian Autonomous Foreign Exchange Market […]
The federal government is planning to almost triple energy prices within weeks, people in the presidency with knowledge of the matter have said, in a bid to attract new investment and slash about $2.3 billion spent to cap tariffs. Separate reports by Bloomberg and Reuters said power companies will be allowed to raise prices to […]
The impact of currency weakness on the Nigerian private sector was evident again in March as goods selling prices rose. However, the Stanbic IBTC Bank Purchasing Manager Index (PMI) remained unchanged at 51.0 in March, the joint-lowest in four months. The report stated that purchase costs rose at the sharpest rate on record, meaning companies […]
The National Information Technology Development Agency (NITDA) has warned that hackers are targeting the systems of both organisations and individuals to steal their sensitive information, including personal and confidential data. The attack is via a software called Info Stealer Malware, which has become increasingly rampant recently, the agency said in an advisory on Tuesday. The […]
Air Peace, Nigeria’s largest carrier has alerted passengers of fake website ‘www.flyairpeace.uk, which was created to defraud people. In a statement by Air Peace, it stated that the creators of the website used some of its brand collateral to design the fake website and presented it as the airline’s booking platform. “We would like to […]
