...news, reports, issues... about Lagos
The Federal Competition and Consumer Protection Commission (FCCPC) says it conducted a targeted enforcement operation at the Garki modern market in Abuja. Adamu Abdullahi, acting executive vice chairman (EVC) and chief executive officer (CEO) of FCCPC disclosed this in a statement on Wednesday. Abdullahi said this action is part of the commission’s ongoing efforts to protect […]
Indomie Instant Noodles, a Dufil Prima Foods Limited brand, says it has reduced its price to keep the product affordable to Nigerians. BusinessDay survey of some stores across Lagos shows that the price of 70g Indomie Regular Chicken noodles dropped to N250 from N300 last month. While it’s 40-pack carton of Indomie fell to N10,000 from N12,000. […]
A barrage of public outrage was aimed at the Nigerian branch of Kentucky Fried Chicken (KFC), a global fast-food restaurant chain, on Wednesday after Adebola Daniel, a Nigerian living with a disability, narrated how he was humiliated at the restaurant. Daniel experienced what he called “vile discrimination” when he, alongside his wife and siblings, went […]
Some Nigerians who benefited from the Central Bank of Nigeria (CBN) and NIRSAL Microfinance Bank’s targeted credit facility (TCF) have failed to pay N261.07bn out of N419.42bn given out. Daily Trust reports that the facility launched in April 2020 was to cushion the effects of the COVID-19 pandemic on households and SMEs. In a document […]
Petroleum product marketers and other operators in the downstream sector, have denied speculations that pump price of petrol at depot facilities have been adjusted downwards. Also, LEADERSHIP reports that petroleum outlets are still selling at prevailing market prices. Our Correspondent’s check at major depot’s in Lagos indicate that prices have not changed either. A source […]
THE President, Nigerian Association of Liquefied Petroleum Gas Marketers, Mr. Oladapo Olatunbosun, said the prices of cooking gas would continue to leap as the domestic market continues to be impacted by foreign exchange crisis. This is even as the report of the Nigerian Bureau of Statistics, NBS, Liquefied Petroleum Gas Price watch for February 2024 showed […]
There has been a notable surge in the prices of essential food items across various markets in Lagos State in the past two weeks. Notably, a carton of Minimie noodles has soared by 102.6%, jumping from N4,350 to N8,800. Similarly, a large bag of melon seeds now commands a price of N270,000, up from N220,000 […]
Water producers have asked the federal government to address the increasing cost of nylon to halt further increases in the prices of sachet water. The National President of the Association For Table Water Producers (ATWAP), Dr. Clementina Ativie, made this request during an event commemorating this year’s World Water Day, themed “Water for Peace,” held […]
Despite efforts to stabilize cement prices in Nigeria through agreements between the federal government and cement manufacturers, the cost of a 50kg bag of cement continues to hover between N8,500 and N10,500 in retail markets. This price range starkly contrasts with the N7,000 to N8,000 target agreed upon, underscoring persistent challenges in making construction materials affordable for […]
Rice– a key staple in Nigeria is fast getting out of reach for most households as prices of grain have surged 98.47 percent in one year. Experts attributed the persistent surge in local parboiled rice prices to the paddy scarcity that is hitting mills across the country. BusinessDay surveyed some selected food markets in Lagos to find out the […]
