...news, reports, issues... about Lagos
The naira fell to a new all-time-low of N1,534/$ on the official Nigerian Autonomous Foreign Exchange Market on Monday. This indicates a loss of 3.93 per cent fall or N58 from the N1,476.13/$ the national currency closed last week Friday, according to FMDQ Exchange, a platform that publishes official foreign exchange trading in the country. […]
WhatsApp is about to change. The change will be big and far-reaching, allowing users to send messages from other messaging apps and see them land in your WhatsApp. How cool is that? February 11 update below. This post was first published on February 8, 2024. Last September, lawmakers in the European Union designated Meta, WhatsApp’s […]
With food inflation now at 33.98 per cent, food prices have escalated in recent months as most food items have soared between 70 percent and N80 percent in the last six months, LEADERSHIP learnt.This increase, coupled with low disposable income of the people, findings show, have pushed some food items out of the reach of […]
The woes of hunger, triggered by the increasing cost of living, have stretched their claws to the lives of students in tertiary institutions. Gone are the days when undergraduates return to class with cash and other home appliances depicting their high standard of living. Today many parents or guardians can no longer afford a standard […]
Nigerians will soon experience another wave of increases in the prices of goods by major manufacturers as most of them now depend more on loans to fund their operations, resulting in higher interest payments and increased cost of production. Financial Vanguard investigations show that due to scarcity of foreign exchange, general cash flow challenges and […]
Minister of Budget and National Planning, Atiku Bagudu, yesterday, highlighted that challenges facing agriculture go beyond insecurity to include high cost of fuel. During a session with the Senate Committees on Finance, Appropriation, Banking, Insurance and other Financial Institutions, warned of five councils where 70 per cent of their assigned land might not be cultivated […]
Former Governor of Ekiti State, Ayodele Fayose has called on the Nigerian government to regulate usage of social media due to level of abuse. Fayose, in a tweet on Sunday said “the truth we must all face is that we can’t keep operating an unregulated Social Media.” He said usage must be regulated in line […]
The Lagos State Government on Sunday gave a four days relocation notice to all squatters under the Obalende bridge as well as illegal motor parks operators and buses who have moved to the main road. Commissioner for the Environment and Water Resources, Tokunbo Wahab in company of his Transportation counterpart, Oluwaseun Osiyemi issued the ultimatum. […]
Power distribution companies overbilled about 7.1 million unmetered electricity consumers between January and September 2023, an analysis of the latest monthly number of overbilled customers showed. In the various Regulatory Interventions for Non-Compliance with the Order on Capping of Estimated Billing to Unmetered Customers, issued to the 11 Discos by the Nigerian Electricity Regulatory Commission, […]
The Central Bank of Nigeria has instructed regulated entities to provide customers with notices of outstanding obligations before beginning debt collection. This is to ensure that the debt recovery process is transparent, courteous, and fair. CBN stated this in a document released on Thursday on its website titled “Revised Consumer Protection Regulations.” It noted that […]
