...news, reports, issues... about Lagos
Nigerian Breweries Plc have announced another increase in the price of its products after the earlier increase in February. The new price review will take effect from the 15th of March 2024.The company disclosed this in a review notification sent to customers around the South-West zone signed by its zonal business manager which was obtained by Nairametrics.According to […]
market survey by Peoples Gazette at Mararaba, an Abuja satellite town in Nasarawa State, shows that Indomie, groundnut oil and Irish potatoes prices have increased by over 100 per cent in recent weeks. Indomie Super pack, a popular noodles, sold for N8,500 earlier in the year, has hit N18, 000, increasing by over 100 per […]
As the deadline given to banks to link all bank accounts to NIN elapsed last Thursday, many banks in the country are yet to implement the directive. Recall that the Central Bank of Nigeria, CBN had issued a directive to all commercial banks in the country last year to restrict tier-1 accounts without proper Biometric Verification […]
The Manufacturers Association of Nigeria has said that 767 manufacturers shut down operations while 335 became distressed in 2023. This came against the backdrop of exchange rate volatility, rising inflation and other economic challenges that have worsened the investment climate. MAN stated this in a statement in which it condemned the recently introduced Expatriate Employment […]
Artisans, labourers, and suppliers of sand, gravel and other items in the construction industry in Ibadan, the capital of Oyo State have lamented that the hike in price of cement has rendered them jobless and their businesses prostrate. eaffected several sectors of the economy, including construction, sending most people out of business. According to them, […]
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 […]
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 […]
Amid the free fall of the naira to the United States dollar, traders who deal in grains have devised a way to sell their wares to neighbouring countries for higher profits, Sunday PUNCH has learnt. Many of them, who spoke to our correspondents, claimed that they preferred to sell their wares to the countries because they […]
The rising cost of building materials is triggering abandoned projects, posing significant threats to the construction sector, and exacerbating the existing housing deficit gap, JOSEPHINE OGUNDEJI writes The recent surge in cement prices has reverberated throughout the real estate market, sparking an unexpected increase in property abandonment. Cement, as a fundamental building material, has seen its prices skyrocket […]
