...news, reports, issues... about Lagos
The police authorities have said they would not condone any form of violence during the planned two-day demonstration declared by organised Labour in protest against the hardships and high cost of living in the country. The police handed down the Riot Act on Sunday as the Nigeria Labour Congress gave fresh conditions ahead of the […]
This is not the best of time for West Africa’s largest economy. Nigerians are inarguably in one of their toughest times in recent times. Evidently, Nigeria’s inflation rose to a 21-year high of 29.9 per cent in January 2024, which according to National Bureau of Statistics (NBS) data, was the highest since 2003. In the […]
Indications have emerged that the organised labour is prepared to lower its demand for N1m minimum wage for workers in the country in line with realities on the ground. The shift in position will likely be communicated to the Federal Government during the second meeting of the tripartite committee on the minimum wage on Monday […]
Leaders from the Kosofe Federal Constituency have agreed to lend their support to citizens within the constituency to cushion the effect of the biting economic hardship being faced by the people. This is one of the outcomes of the stakeholders’ meeting convened on Thursday at the instance of the Lagos East Senatorial district GAC leader, […]
The Nigeria Customs Service, Nigeria Immigration Service, Department of State Services and the Economic and Financial Crimes Commission have begun a clampdown on smugglers and hoarders of food items nationwide by escalating border surveillance, Saturday PUNCH has learnt. This is coming after the Organised Labour declared a two-day protest against the current economic hardship in the country. […]
More Nigerians are now resorting to credit from loan apps to survive as the harsh economic conditions bite harder, Nairametrics has gathered. In some cases, there are no plans to repay the loans by the borrowers, while those willing to repay find themselves borrowing from one app to pay another. The lenders said this has […]
The Federal Government has ruled out the importation of food as part of strategies to address the high costs of foodstuffs and the economic hardship troubling the country. It has also set up a committee comprising the National Security Adviser, the Director-General of the Department of State Services, and the Inspector-General of Police to clamp […]
The federal government has said plans are in the works to establish a National Commodity Board as a solution to the escalating food prices in the country. The commodity board will be expected to assess and regulate food prices, as well as maintain a strategic food reserve for stabilizing prices of crucial grains and other […]
The naira fell to a new all-time-low of N1,534/$ on the official Nigerian Autonomous Foreign Exchange Market on Monday. This indicates a loss of 3.93 per cent fall or N58 from the N1,476.13/$ the national currency closed last week Friday, according to FMDQ Exchange, a platform that publishes official foreign exchange trading in the country. […]
With food inflation now at 33.98 per cent, food prices have escalated in recent months as most food items have soared between 70 percent and N80 percent in the last six months, LEADERSHIP learnt.This increase, coupled with low disposable income of the people, findings show, have pushed some food items out of the reach of […]
