...news, reports, issues... about Lagos
At the backdrop of sustained rise in prices of staple food items in the market, Nigeria has recorded an unprecedented food inflation rate of 40 percent in March 2024. Economists and financial analysts explained that the development would put more pressure on the purchasing power of average Nigerian and they also predict that the trend will continue for […]
AMONG the growing concerns for motorists in Lagos State at the moment are the illegal activities of some unruly miscreants operating under the guise of local government officials. Their major haunt are the highways where they lay in wait to impound and tow away the vehicles of their victims for whatever imaginable or conceivable offence. […]
The naira sustained gains against the US currency at the official foreign exchange (FX) market, despite a drop in dollar supply by market players on Monday. The summary of the FX transactions published by the FMDQ Securities Exchange revealed that the naira appreciated by 0.56 percent as the dollar was quoted at N1,136.04 on Monday, stronger than N1,142.38 quoted […]
In a string of setbacks for Nigeria’s power sector, the national grid has reportedly collapsed nine times under President Bola Tinubu, prompting widespread concerns about the stability and effectiveness of the country’s electricity infrastructure. Tinubu, in his 2024 New Year message to Nigerians, had said significant improvement in electricity service supply was expected in the next 12 months, banking […]
While the naira has appreciated against the dollar in recent weeks to become the world’s best-performing currency, food inflation in the country jumped to a historic high last month. Naira’s appreciation, driven by a series of measures taken by the Central Bank of Nigeria including the clearing of foreign exchange backlogs, has yet to reflect on the cost […]
