...news, reports, issues... about Lagos
Adebayo Adelabu, Nigeria’s Minister of Power says the President Bola Tinubu’s administration is ready to break over 60-year-old power jinx bedeviling the nation. He said the importance of power to economic growth and industrial development of any nation could not be overemphasized as no sector could actually perform optimally without stable, effective, functional and cost […]
The Indian High Commission in Nigeria has vowed to sanction the workers at the Indian Language School, Ilupeju, Lagos who refused The PUNCH correspondent access to the school facility for inquiries. Following online reports that the school was not admitting or welcoming Nigerians on its premises, our correspondent on Monday proceeded to the school to investigate the […]
Professor of Human Rights and Gender Law, Yinka Olomojobi was shot dead last week Friday by suspected kidnappers at Iperu Remo, Ogun state. Unaware that he would lose his life in the hands of kidnappers, the Babcock University lecturer in this interview, raised concerns on the dire security situation in the country and adviced that government must be firm and […]
According to Professor Chris Ogbechie, the Dean of the Lagos Business School, family businesses play a significant role in Nigeria’s economy, contributing up to $200 billion. He made this revelation during the Lagos Business School Family Business Conference held in Lagos. Despite their substantial contribution, Ogbechie noted that only about 30 per cent of Nigerian family businesses survive […]
The naira weakened for a third straight day at the official market (NAFEM) on Tuesday, sliding to a one-month low of N1,300 per US dollar, according to data by FMDQ Securities Exchange. Banking sources told BusinessDay that dollar liquidity has dipped on the back of investors exiting to safety in reaction to rising geo-political tensions that have […]
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 […]
