...news, reports, issues... about Lagos
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 […]
The rise in the prices of garri, millet, and yam, dried fish sardines and ‘akpu uncooked fermented’ pushed food inflation to a record high of 40.01 percent in March. This was revealed in the latest Consumer Price Index report by the National Bureau of Statistics (NBS). Others are mudfish dried, palm oil, vegetable oil, beef feet, beef […]
At the backdrop of sustained rise in prices of staple food items in the market, Nigeria has recorded an unprecedented food inflation rate of 40 percent in March 2024. Economists and financial analysts explained that the development would put more pressure on the purchasing power of average Nigerian and they also predict that the trend will continue for […]
AMONG the growing concerns for motorists in Lagos State at the moment are the illegal activities of some unruly miscreants operating under the guise of local government officials. Their major haunt are the highways where they lay in wait to impound and tow away the vehicles of their victims for whatever imaginable or conceivable offence. […]
The naira sustained gains against the US currency at the official foreign exchange (FX) market, despite a drop in dollar supply by market players on Monday. The summary of the FX transactions published by the FMDQ Securities Exchange revealed that the naira appreciated by 0.56 percent as the dollar was quoted at N1,136.04 on Monday, stronger than N1,142.38 quoted […]
In a string of setbacks for Nigeria’s power sector, the national grid has reportedly collapsed nine times under President Bola Tinubu, prompting widespread concerns about the stability and effectiveness of the country’s electricity infrastructure. Tinubu, in his 2024 New Year message to Nigerians, had said significant improvement in electricity service supply was expected in the next 12 months, banking […]
While the naira has appreciated against the dollar in recent weeks to become the world’s best-performing currency, food inflation in the country jumped to a historic high last month. Naira’s appreciation, driven by a series of measures taken by the Central Bank of Nigeria including the clearing of foreign exchange backlogs, has yet to reflect on the cost […]
The organised labour, on Sunday, listed its expectations ahead of the 2024 Workers’Day, calling on the Federal Government to announce a new minimum wage on May 1. The National Vice President of the Trade Union Congress, Tommy Etim, who spoke with our correspondent, described Workers’ Day as Christmas Day for workers. He noted that there […]
