...news, reports, issues... about Lagos
Gbenga Oloniniran writes about the discrimination experienced by some Nigerians on the premises of foreign businesses where they are met with restrictions despite being in Nigeria On Sunday, Nigerians expressed outrage over a discriminatory policy implemented by an Abuja-based Chinese supermarket, which restricted entry exclusively to its citizens and barred Nigerians. Our correspondent, who visited the […]
The Naira on Monday slightly depreciated at the official market, trading at N1,234.49 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N64.50. This represents a 5.51 per cent loss when compared to the previous […]
The federal government has ordered the resale of electricity Distribution Companies (DisCos) now under the management of banks and the Asset Management Company (AMCON) within three months to reputable power operators. LEADERSHIP reports that five DisCos are currently under the management of AMCON and bank lenders. Abuja Electricity Distribution Company (AEDC) is currently under the […]
Shockingly, the food crisis may last even longer than anticipated, as its underlying drivers show no signs of abating; instead, they continue to gather momentum and exacerbate the situation. Key among these drivers are insecurity, climate change, and urbanisation. In Nigeria, Africa’s most populous nation, a dark cloud looms over the nation, threatening not just […]
There is no dispute that Naira abuse, or more specifically, the act of spraying money at social events, has become an acceptable norm or cultural practice in Nigeria. Nigerians have a cultural affinity for lavish social gatherings. Many people regard these occasions as a means of displaying social status and wealth. Spraying Naira notes and […]
