...news, reports, issues... about Lagos
•Harassment, defamation not option for debt recovery, Commission warns The Federal Competition and Consumer Protection Commission (FCCPC) has expressed worries over continuous violation of its Limited Interim Regulatory/Registration Framework and Guidelines by online lenders popularly known as loan apps. FCCPC, in a statement signed by its Acting Executive Vice Chairman/Chief Executive Officer, Dr Adamu Abdullahi, […]
Electricity consumers who had paid for meter under the fluffy Meter Asset Provider(MAP) initiative of the federal government, are impatiently seeking refund from Electricity Distribution Companies(DisCos), most of which are reluctantly implementing repayment directive issued by the Nigerian Electricity Regulatory Commission(NERC) in the wake of failure of the initiative. The government had, through the NERC, […]
Nigerians hoping to escape the increasing hardship in the country by seeking visas or irregular means to migrate to European countries will have a herculean task surviving in those countries because life is challenging in Europe now. In recent years, especially in the last seven months, the deplorable conditions, occasioned a deteriorating economy has forced […]
Against the backdrop of the abduction wave across the country, the demand for bulletproof vehicles by Very Important Persons and other wealthy Nigerians has increased, The PUNCH can report. Armoured vehicle dealers, who spoke to The PUNCH, confirmed they had been recording increased sales of customised bulletproof Sport Utility Vehicles since the kidnapping epidemic worsened. In recent weeks, […]
There was heavy traffic gridlock in some parts of Lagos on Monday as motorists formed long queues outside the forecourts of filling stations on what appeared may herald a fresh scarcity of Premium Motor Spirit. One of our correspondents observed along the Ikorodu Road axis how motorists endured an unusually heavy gridlock due to a […]
Members of the Distillers and Blenders Association of Nigeria have said they are storming the Lagos office of the National Agency for Food and Drug Administration and Control to protest against the ban on the manufacture and sale of alcoholic beverages in sachets. In an invite sent to The PUNCH on Monday, the association said the protest […]
•As CBN releases $500m to clear more FX backlog By Babajide Komolafe, Emma Ujah & Elizabeth Adegbesan In apparent reflection of the dollar scarcity plaguing the economy, the Naira yesterday recorded its biggest fall in the official Nigerian Foreign Exchange Market (NAFEM) where it depreciated by 24 per cent to 20 N1,348 per dollar. Data from […]
Wonders, they say, shall never cease, as Nigerians resort to the use of unimaginable things to survive, as the current state of the economy continues. The days when anyone thought about people’s perception of any demeaning changes made in living standards has long gone. Economy&Lifestyle discovered that one of the new changes Nigerians are making […]
OPay, a Nigerian financial technology firm, has implemented various security measures to prevent financial fraud. The initiative was aimed at improving the platform’s security and protecting customers from fraudulent activities, the firm said in a statement. OPay said it was recently applauded by the World Economic Forum and was recently awarded the consumer choice award […]
Jumia and Konga, two of Nigeria’s online markets, have delisted Crusader medicated soap, a cancer-causing cosmetic product, on their platforms. This came after FIJ reported that the two stores and some others were still selling the product banned by the National Agency for Food and Drug Administration and Control (NAFDAC) for the health hazards it […]
