Month: May 2024

Lagos earns N7trn annually from Agric —Commissioner

The Lagos State government has disclosed that agricultural sector contributes over N7 trillion annually to its Gross Domestic Product, GDP, due to its food sustainability and security system policy. The state Commissioner for Agriculture, Ms. Abisola Olusanya, made the disclosure, yesterday,  during a ministerial press briefing to mark the first year of the second term […]

Nigeria to adjust electricity tariffs monthly in relief to customers

The Nigeria Electricity Regulatory Commission (NERC) has announced a reduction in tariff for Band A electricity customers, following a review which will happen monthly and takes into consideration the movement in exchange rates and other factors. The new electricity tariff review by NERC could push the market closer to cost-reflective tariffs that guarantee commercial returns, analysts say. […]

Petrol scarcity: Why pump price is high in our station — IPMAN

ABUJA — Against the backdrop of continued shortages and queues at petrol stations, pump prices are now settling at higher ranges across independent marketers and some major marketers. Vanguard findings in Lagos and Abuja also show that gaps between prices at major marketers’ filling stations and those of independent marketers are widening with major marketers maintaining […]

NLC, TUC give NERC Sunday deadline to reverse hike in electricity tariff

Nigeria Labour Congress, NLC, and its Trade Union Congress of Nigeria, TUC, counterpart, have given the Nigerian Electricity Regulatory Commission, NERC, till May 12 to withdraw the recent hike in electricity tariff or face unprecedented industrial action. The ultimatum was issued in a joint letter to the Chairman/Chief Executive Officer, CEO, dated May 3, 2024, and […]

2024 UTME: Pure water hawker scores 309, bags scholarship

A pure water hawker Ugwu Augustus, has reportedly scored 309 and secured a full scholarship into the university after scoring 309 in the 2024 Unified Tertiary Matriculation Examination. Alex Onyia, the founder of Educare, an organisation that prepares candidates for UTME, revealed that Augustus left school two years ago. He added that he was, however, challenged […]

80% of Lekki buildings have no approval, says LASG

Lagos State Commissioner for Physical Planning and Urban Development, Dr Oluyinka Olumide, stated that 80 per cent of buildings in Ibeju Lekki have no approval. He disclosed this in a recent interview with newsmen. He said, “Just last week Thursday and Friday, myself and the team were in the Ibeju Lekki and Epe axis and […]

Harsh economy: Cut yams on sale at food markets

The present harsh economy in the country has made Nigerians come to terms with the fact that even the rich also cry. The effect of the continuous pressure on prices of goods and services, as a result of the current harsh economy, has punched holes, and almost sucking dry, the pockets of many Nigerians, leaving […]

Lagos-Calabar highway: Telcos fear shutdown as construction threatens cables

•Undersea fibre cables linking Europe to Nigeria pass through construction corridor – ALTON, ATCON Barely 48 hours after Multichoice alerted subscribers to a three-day technical downtime, telecommunication companies have expressed concern over possible connectivity disruptions as construction advances on the 700km Lagos-Calabar Coastal Highway. While the DStv and GOtv owner acknowledged the anticipated impact of […]

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