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 […]

Lagos homeowners decry demolition, seek compensation

Residents of Mende Estate Villa in the Maryland area of Lagos State have decried the recent demolition of their multimillion naira houses in the area by the Lagos State Government while seeking compensation for a new shelter. Our correspondent, who visited the area on Sunday, observed how the estate’s homes were destroyed and how the […]

LASBCA-ELP INTERACTIVE SESSION…The Built Sector Getting Better

Do you know there is a fencing permit?Do you know that fixing portions of a leaking roof requires approval?How aware are you of the difference in remodeling and renovation? These and many more were the issues the LASBCA-ELP INTERACTIVE SESSION shed light on.The Arc. Gbolahan Oki-led Lagos State Building Control Agency has been a champion […]

Naira depreciates to N1,365/$ in parallel market

The Naira yesterday depreciated to N1,365 per dollar in the parallel market, from N1,320 per dollar on Tuesday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,402.67 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,402.67 per dollar from N1,390.96 per dollar on Tuesday, […]

Healthy diet out of reach as protein prices jump

A healthy diet is out of reach in a country with the second highest burden of stunted children in the world. Soaring prices of fish, meat and eggs pushed the daily cost of a healthy diet for an adult close to N1,000 in March, rising faster than general and food inflation, the Nigeria Bureau of Statistics revealed on Thursday. […]

Fuel scarcity: FG begins 15-day emergency fuel supply

As fuel scarcity continues to bite harder in different locations, the Federal Government says it has begun a 15-day emergency fuel supply to ensure the commodity circulates across the length and breadth of the country. The government also disclosed that vessels importing Premium Motor Spirit would continue to berth at the shore to discharge petrol […]

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