...news, reports, issues... about Lagos
Wonders, they say, shall never cease, as Nigerians resort to the use of unimaginable things to survive, as the current state of the economy continues. The days when anyone thought about people’s perception of any demeaning changes made in living standards has long gone. Economy&Lifestyle discovered that one of the new changes Nigerians are making […]
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, […]
AFEX has projected that the prices of maize and paddy rice will rise by 25 per cent and 40 per cent, respectively, in Nigeria this year. The forecast was contained in the report which was released on Wednesday in Lagos. In 2023, maize prices fluctuated greatly, reaching a peak of N550,000/mt in Q3 and closing […]
Simple, it is cheaper. Food is cheaper in your village. So why is the same bag of gari more expensive in my city than in the village? There are many factors, but two come to mind. So, what if those farmers in every village in Nigeria could “export” their output to the towns cheaper and […]
The three tiers of government recorded N1.05 trillion in income from exchange rate gains into the Federation Account, in nine months to September 30th, 2023, triggered by the 71 per cent depreciation of the naira during the period. This represents a 10,400 per cent increase when compared with the N10.35 billion income from exchange rate […]
Rents in Lagos have surged by 91.32 percent over the past five years, posing a challenge to residents seeking affordable housing, The PUNCH’s findings have revealed. It was according to data obtained from prices sourced from prop-tech, propertypro.ng and estate agents in different locations. The weighted average of the percentage increase for each location was […]
Nigerians spent $1.58bn on health tourism, foreign education, and other personal matters in six months, data from the Central Bank of Nigeria have revealed. The data from the apex bank’s Balance of Payment compilation spanning the first six months of 2023 showed that Nigerians spent $245.68m on overseas health-related issues, $896.09m on foreign education, and […]
By Jide Abdulgafar Delays and setbacks in mega-construction projects are nothing new. It doesn’t matter which country you are in, the level of investment you may have, or even the skill and determination of your government and workforce, these projects are hardly ever completed on time. When, in 2013, Aliko Dangote announced his plans to build […]
As global elites, political leaders and influential personalities converge on Davos, Switzerland for the yearly World Economic Forum (WEF), a report by Oxfam has revealed that Africa’s seven richest men own more wealth than the 700 million people, who make up the poorest half of the continent’s population. The document, which is on inequality and […]
She held her bag close to her chest as though letting go would expose its contents. Her head was wrapped with a black scarf and her gown swept the ground as it danced to the sound of the wind. With a point-of-sale machine held tight, she sat under an umbrella, enjoying the shelter it provided […]
