...news, reports, issues... about Lagos
...news, reports, issues... about Lagos
The torrential fall of the Naira which has turned the petroleum supply chain into a quagmire is fast eroding the projected gains after the federal government finally removed the petrol subsidy regime.Oil marketers and government officials also appear not to be on the same page when it comes to the actual landing cost of Petroleum […]
It is ten kilometres from the Port Harcourt International Airport to Wigwe International University in Isiokpo. From the airport junction deep into the hinterland, every turn wears a new look in anticipation of receiving an “august visitor”. Preparations for the final burial of the billionaire business mogul, Dr Herbert Wigwe on hypersonic speed. Roads are […]
The Naira on Friday depreciated to N1,540 per dollar in the parallel market from N1,490 per dollar on Thursday. However, the naira appreciated to N1,548.25 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,548.25 per dollar from N1,595.11 per dollar on […]
Despite deregulation, Pinnacle Oil and Gas Limited, an indigenous oil and gas company active across the entire downstream value chain, has disclosed that Nigeria is currently paying about N1 trillion monthly as petrol subsidy. The Managing Director/CEO of the company, Mr. Robert Dickerman, disclosed this while speaking during a panel session six, on Nigeria’s Downstream […]
Over 70 million bank customers are at risk of losing access to their accounts when the Central Bank of Nigeria’s directive on restricting accounts without Bank Verification Numbers and National Identification Numbers goes into effect. The CBN had on December 1, 2023, in a circular directed that a ‘Post no Debit’ restriction be placed on […]
President Bola Tinubu has inaugurated the Red Line Rail Project in Lagos. The project, an intra-state rail service aimed at improving transportation within the city, spans 37 kilometres. The Red Line Rail Project in Lagos, Nigeria, represents a significant infrastructure development aimed at improving transportation within the city. Here are five key aspects worth noting […]
Confusion reigned in the banking industry yesterday as some banks restricted access to bank accounts not linked to the National Identity Number, as directed by the Central Bank of Nigeria, CBN. The CBN had in a circular on December 1st 2023, directed that banks should place restrictions on all Tier 1 bank accounts without BVN. […]
In a bid to make air travel more affordable for Nigerians, the Nigeria Civil Aviation Authority, Chris Najomo, has set up a 10-man committee to probe foreign airlines over skyrocketing fares. This was disclosed in a press statement released to journalists on Thursday, signed by Director-General, NCAA, Chris Najomo, following a two-day meeting between NCAA […]
….prohibits forceful entry and illegal occupation of landed properties In a bid to curb and tackle the unscrupulous activities of land grabbers in the State,the Lagos State Government through the Lagos State Special Taskforce on Land Grabbers under the State Ministry of Justice, on Tuesday , organized a stakeholders meeting, Themed: Safeguarding Possessory Rights in […]
The Federal Government has paid $120m out of the $1.3bn indebtedness to gas companies for the supply of gas to run gas-fired power plants across the country. Nigeria is currently suffering from low power supply because many gas suppliers have reduced, while others stopped supplying the commodity to power-generating companies due to the indebtedness of […]
