...news, reports, issues... about Lagos
The demand for Indomie instant noodles has increased due to drop in the price. The News Agency of Nigeria reports that demand dropped tremendously, following increase in the price. Some residents of the Federal Capital Territory, FCT, who spoke to NAN in Abuja on Sunday, attributed the drop in price to the low demand caused […]
The Federal Competition and Consumer Protection Commission, FCCPC, has urged Nigerians to report any arbitrary price hikes, stating that it will not hesitate to take action against businesses engaging in price fixing. The FCCPC made this disclosure in a statement posted on its official X handle on Sunday. It highlighted the strain the act places […]
The complaints of five banks’ customers in 2023 increased by over 63.54 per cent to over 10 million from 6.12 million in the previous year. According to The PUNCH analysis of their audited financial results filed with the Nigerian Exchange Limited in recent weeks, more than half of the complaints came from the customers of one of […]
AS the Nigerian National Petroleum Company, NNPC Limited, moves to end petrol scarcity in Lagos and its environs, Dangote Refinery and oil marketers have intensified efforts at taking final decisions on pricing and delivery of petrol to filling stations nationwide. Dangote Refinery, which can refine 650,000 barrels per day, bpd of crude oil, intends to commence production […]
The prices of gadgets have begun to fall on the back of the naira’s recent gains against the dollar and other major currencies, according to a market survey by BusinessDay. Nigeria’s currency has rallied in recent weeks after falling to record lows in January and February. It closed at N1,255.07/$ on Thursday at the Nigerian […]
The average ‘Band A’ customer in Nigeria will now need as much as N170,000 for electricity per month, instead of the average of N50,000 that they were paying before now. This follows the approval of a 240 per cent increase in the tariff of ‘Band A’ power customers from N66 per kilowatt hour (KwH) to […]
The impact of currency weakness on the Nigerian private sector was evident again in March as goods selling prices rose. However, the Stanbic IBTC Bank Purchasing Manager Index (PMI) remained unchanged at 51.0 in March, the joint-lowest in four months. The report stated that purchase costs rose at the sharpest rate on record, meaning companies […]
While Generation Z might be entering the workforce en masse, hiring managers are not so eager to welcome the younger generation into their companies. Forty percent of hiring managers had an age bias against Gen Z candidates, and many employers are worried about how hirable an applicant is based on their age, according to a report from […]
Technological advancements and introduction of new gaming products are responsible for gambling among Nigerian youths, a study has revealed. The study by between Gamble Alert and Gamban (UK) discovered that the escalation of gambling, particularly among young men underscores the urgent need for prevention. In the collaborative efforts between the two agencies, a comprehensive study was conducted […]
Ride-hailing company, Uber, has said it would not be sharing the personal data of its riders with the Lagos State Government. The company, whose drivers recently had issues with the State’s authority over the data sharing arrangement, said it is cooperating with the government to share data as earlier agreed. This has, however, raised concern […]
