...news, reports, issues... about Lagos
Police authorities in Lagos State has said the Managing Director of Fouani Company, an LG and Hisense subsidiary, Mohamed Fouani, kidnapped alongside two Lebanese, the boat captain and his assistant, were rescued in a midnight raid. The five were rescued late on Monday night, in Orugbo Iddo area of Lagos, by the state Marine Police, […]
Multichoice, the parent company of DStv and GOtv, has refuted the claim that their subscription packages in Nigeria has been reduced. According to a source in the company, only decoder prices were reduced but subscription prices remained unchanged. “We only reduced our decoder prices and not subscription prices,” the source said. “The DStv Zapper was […]
As US and Europe-based multinationals exit Nigeria, Asian and local companies are stepping in to fill the void. Last week, London-based Diageo Plc sold its controlling stake in Guinness Nigeria Plc to Singapore’s Tolaram Group Inc. The Fouani Group, a local firm, operates a diaper and sanitary pad plant in a complex where Cincinnati-based Procter & […]
At the backdrop of the escalating cost of living crises, the National Bureau of Statistics, NBS, has released the long awaited ‘Gross Domestic Product (GDP) Report by Expenditure and Income Approach’, the first since second half of 2023, H2’23, showing negative shift in household consumption expenditure. The report covering third quarter and fourth quarter 2023, indicated that Nigerian households […]
Former Minister of Works, Babatunde Fashola said workers in Nigeria deserve reasonable adjustments to cope with the rising cost of living in the country. Fashola stated this in a piece titled, ‘Minimum Wage Review – My Take Away’. He stated, “When cost of living rises as they have now, the lowest and the highest income […]
