Business

Senate uncovers $400m intervention funds in banks

The Nigerian Senate said it has uncovered $400 million in intervention funds domiciled in banks and other financial institutions for a couple of years. Chairman of the Senate Committee on Local Content, Senator Natasha Akpoti-Uduaghan, disclosed this during a session with the Nigerian Content Development and Monitoring Board (NCDMB). Akpoti-Uduaghan stated that out of the intervention […]

Kidnappings: Demand for bulletproof vehicles rises, dealers lament forex crisis

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, […]

OPay rolls out security features to secure customers’ fund

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 […]

Tomato farmers, traders cry out over cost of produce in Badagry

Just like the price of other foodstuffs and agro commodities rising on daily basis, tomato traders in Badagry, Lagos State, have cried out over the growing price of the commodity, leaving them with little or no profit. According to The Guardian investigations across markets in the area, a basket of tomato, which they previously buy […]

Naira: Manufacturers plan general price hike

Manufacturers have predicted fresh hikes in the prices of commodities in the market to rise in response to the continued fall of the naira against the United States dollar. On Friday, the naira plunged to N1,420/$ at the parallel window of the foreign exchange market. The President of the Manufacturers Association of Nigeria, Francis Meshioye, […]

Farmers, consumers, commend LASG, as fresh food fair kicks off

Lagos State Government through the Ministry of Agriculture on Saturday commenced a fresh food fair at the newly constructed middle-level Agro produce hub, located at Idi-Oro in the Mushin area of the State. The food hub, which was established by the Babajide Sanwo-Olu administration as one of the direct answers to the question of food […]

Wrapping leaves as alternative to styrofoam

As restaurants, fast-foods and eatery outlets across Lagos seek alternatives to the use of Styrofoam and other single-use plastics, recently banned by the state government, agriculturists have suggestedwrapping leaves as substitute. To bridge the potential economic impact of the ban, the experts say wrapping leaves is not only healthy, but a cheap and nutritive alternative […]

Lagos food vendors turn to nylon bags after styrofoam ban

Following the ban on the use of styrofoam and single-use plastic by the Lagos State Government, some food vendors in the state have resorted to the use of nylon bags in packing food for their customers. SODIQ OJUROUNGBE reports Local food vendors operating in different parts of Lagos State are in a quandary as the […]

Lagos Plastic Ban: US-Nigeria Trade Council Warns Of Financial Strain On SMEs

The U.S.-Nigeria Trade Council (USTC) has raised alarms, stating that the abrupt prohibition of single-use plastic containers by the Lagos State Government will pose a significant financial burden on Small and Medium Scale Enterprises (SMEs) within the state. Mr. Titus Olowokere, the President of the council, expressed these concerns in a statement released on Tuesday […]

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