...news, reports, issues... about Lagos
The Nigerian Electricity Regulatory Commission (NERC) has said that with the newly approved tariffs, subsidies for 2024 are expected to reduce by about N1.14 trillion. According to a statement issued by the management of the Commission on Wednesday, the tariff review was in furtherance of the Federal government’s realignment of the subsidy regime. The Commission, in January […]
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 […]
Alarmed by the rise in suicides, mental health experts in Nigeria have warned that criminalising suicide attempts has blocked prevention efforts and created a blind spot for data collection, making it difficult to understand the scope of the problem as well as develop effective solutions. The Psychiatrists who spoke weekend also called for the amendment […]
Despite the persistent epileptic power supply nationwide, revenue generation by electricity distribution companies in Nigeria surged to N1.1trn within the 12 months of 2023, a new report has revealed. The figure represents an increase of N234.4bn or 28.2 per cent from the N831bn generated by the power firms over a similar period in 2022. This […]
Nigerians are now required to pay N16,000 to correct their date of birth on the National Identity Management Commission (NIMC) mobile application. Naija News reports that the NIMC recently unveiled the charges that Nigerians must pay in order to update the information on their National Identification Number (NIN). In a post via its official X handle […]
The National Information Technology Development Agency (NITDA) has warned that fraudsters are now exploiting QR codes to deceive unsuspecting users. The agency noted that QR codes’ speed and convenience in accessing information and taking action have made them a tool exploited by scammers for fraudulent activities. Read also: NITDA warns Nigerians of malware spread on Facebook […]
