...news, reports, issues... about Lagos
The price of cement has risen by 100 per cent in three years to a record high of N7,000, on the back spiralling inflation in the country. Sunday PUNCH findings showed that the prices of cement ranged between N3,300 and N3,500 in Lagos and Ogun States in March 2021 but have jumped to between N6,500 and N7,000 […]
This is not the best of times for Nigerian families, who have had to adopt bizarre cost-cutting measures to cope with the recent hardship occasioned by the dramatic hike in the prices of goods and services. Several of them lamented that their income could no longer take care of their daily needs, adding that the […]
The naira yesterday depreciated to N1,500 per dollar in the parallel market from N1,465 per dollar on Tuesday.Similarly, the naira depreciated to N1,479.47 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,479.47 per dollar from N1,418.78 per dollar on Wednesday, indicating […]
Oil marketers have expressed fears that there might be scarcity of petrol if the Nigerian National Petroleum Company Limited fails to make the product available to depot owners and other dealers. They said the long queues being experienced in filling stations and some parts of Ogun State might eventually spread to other parts of the […]
The Minister of Finance and Coordinating Minister of the Economy, Olawale Edun has said Nigeria is economically far much better than where it was when the President Bola Tinubu administration took over on 29 May, 2023. Edun spoke during a question and answer session at a session on the floor of the House Representative on […]
The federal government has explained that the exit of pharmaceuticals from Nigeria was due to the non-domestication of their products in the country. The Minister of State for Health and Social Welfare, Dr. Tunji Alausa, made this disclosure at a World Cancer Day symposium organised by Project Pink Blue with the theme: “Economy, Tax and […]
• Children at risk of acute malnutrition as harsh environment cripples poultry industry• Cost of eggs triple in 15 months, farmers abandon business• Soybeans growers snub industry, take products to border to earn foreign currencies• 9 out of every 10 children lack access to egg Stakeholders in the poultry business are worried that unless urgent […]
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has revealed that between 2010 and 2020, Nigerians spent about $40 billion on foreign education expenses and medical treatment abroad. While foreign education expenses amounted to $28.65 billion, the CBN governor said medical treatment abroad incurred around $11.01 billion. Cardoso who revealed this at the […]
There was heavy traffic gridlock in some parts of Lagos on Monday as motorists formed long queues outside the forecourts of filling stations on what appeared may herald a fresh scarcity of Premium Motor Spirit. One of our correspondents observed along the Ikorodu Road axis how motorists endured an unusually heavy gridlock due to a […]
•As CBN releases $500m to clear more FX backlog By Babajide Komolafe, Emma Ujah & Elizabeth Adegbesan In apparent reflection of the dollar scarcity plaguing the economy, the Naira yesterday recorded its biggest fall in the official Nigerian Foreign Exchange Market (NAFEM) where it depreciated by 24 per cent to 20 N1,348 per dollar. Data from […]
