...news, reports, issues... about Lagos
Pension savings have become an immediate lifeline for Nigerians as rising unemployment forced more people to draw on their balances for day-to-day expenses. This development has seen workers in both the public and private sectors who lost their jobs fall back on pension savings to survive current economic hardships. Data from the National Pension Commission shows that at the […]
The Organised Private Sector (OPSN) has decried the new tariff of N225/kwh for Band A electricity customers, saying that over 65 per cent of private business-es, especially manufacturing sec-tor and SMEs, may be forced to close down due to the high electricity tariff. The Association called for the suspension of new tariff implementation to enable […]
With reports of controversial DNA results among couples, Nigerians will no longer have reasons to send samples abroad as a DNA testing centre in Nigeria, Smart DNA, has expanded its operation in Lagos with the opening of a new office in the Lekki. The new facility is designed to better serve the growing demand for […]
The Federal Competition and Consumer Protection Commission (FCCPC) says it is taking steps to protect consumers regarding the continued rise in prices of goods and services, despite the recent appreciation of Naira against the dollar. The FCCPC, which described the situation as unacceptable, said it would not fold its hands while Nigerian consumers are being […]
For Adekunle William, chief executive officer of Dr Stitches Clothiers, the continuously rising energy costs are squeezing his business. High energy costs have tripled, forcing him to rely heavily on his generator, which is gulping down diesel at exorbitant prices, eating away his already thin profits. Adekunle is not alone in this challenging period. Across […]
Hope is in the air in the Nigerian property market that the pronouncement by Lagos State government, giving a three-month amnesty on unregistered existing structures in the state, will help to ease the country’s huge dead capital burden that, according to a PwC study, is close to $1trillion. The state governor, Babajide Sanwo-Olu, announced recently […]
The Lagos State Government has said the ongoing construction of the Blue Line Phase 2 project being handled by China Civil Engineering Construction Corporation (CCECC) may be extended to Agbara in Ogun State. Mr Olasukanmi Okusaga, the Director of Rail Transport, Lagos Metropolitan Area Transportation Authority (LAMATA), stated this on Tuesday in Lagos. He added […]
As the nation faces an economic crunch and the purchasing power of citizens decreases, some teachers in private schools are simply in pitiable condition. No thanks to the poor remuneration they are being paid. Most affected are teachers in semi-urban areas and low-cost schools. With a monthly salary of between N20,000 and N30,000 and the continual depreciation […]
Mrs Mariam Israel, mother of the 15-month-old baby, who was burnt to death by hoodlums that invaded Egan Oriomi, a riverine community in Otto Awori Local Council Development Area, LCDA, Ojo, Lagos, on Saturday, yesterday said she was prevented from saving the child. Vanguard gathered that five persons out of the 12 suspects arrested on Monday […]
Lagos, the most populous city in Africa has been ranked 5th among 20 wealthiest cities in the continent with 4,200 millionaires, Africa Wealth Report 2024, by Henley & Partners, shows. The industrial hub of Nigeria dropped from the fourth spot it was in 2023 with 5,400 millionaires, leading to 1,200 people now out of the millionaire radar. Top […]
