...news, reports, issues... about Lagos
DAYO AYEYEMI, in this piece, delves into issues surrounding the 700-km Lagos-Calabar Coastal Highway by the Federal Ministry of Works, from how the project started and where it is headed. It has been one day one controversy since the Federal Executive Council approved a N1.06 trillion contract for the construction of the first phase of […]
The value of the Naira continued to depreciate at the official end of the market, closing on Thursday at N1,309.88 to one dollar, a 12 per cent week to date decline on the Nigeria Autonomous Foreign Exchange Market (NAFEM). As against N1,169.99 which it closed last week on the market, the value of the naira […]
The Federal Competition and Consumer Protection Commission (FCCPC) has warned that discrimination against any person in Nigeria, whether by foreigners or locals, is illegal and unacceptable.This warning follows the agency’s investigation into allegations of discrimination at a Chinese supermarket located within the premises of the China General Chamber of Commerce, Airport Road, Abuja. Director of […]
Telecommunications operators in the country including MTN Nigeria and Globacom have asked for Federal Government approval through the Nigerian Communications Commission to raise their tariff. The development came after foreign exchange losses and rising energy costs forced some of the operators to post losses last year. The telcos’ proposal to raise their tariff came barely […]
The average cost of preparing a pot of jollof rice for a Nigerian family of five rose more than four-fold in almost eight years largely as a result of the depreciation of the naira, according to a new Jollof Index report. This means a minimum wage earner in the country can only cook jollof once a month […]
