...news, reports, issues... about Lagos
Dangote Petroleum Refinery has commenced production of diesel and aviation fuel. President of Dangote Group, Alhaji Aliko Dangote, elatedly thanked President Bola Ahmed Tinubu for his support, encouragement, and thoughtful advice towards the actualisation of this project.Dangote also thanked the Nigerian National Petroleum Company Limited (NNPC Limited), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian […]
Customers frustrated as some banks shut ATMs lPoS operators jerk up charges, say they’re sourcing cash outside banks It’s deliberate act of economic sabotage – Muda Yusuf By Peter Egwuatu, Udeme Akpan, Yinka Kolawole, Godwin Oritse Nkiruka Nnorom, Obas Esiedesa, Emmanuel Elebeke & Mariam Eko Fresh developments in the financial sector have shown that despite the Central Bank […]
The naira has depreciated by 38.9 percent against the United States dollar at the official I&E window of the Central Bank of Nigeria in the past three months, according to findings by The PUNCH. Data obtained from the FMDQ Securities Exchange revealed that the local currency fell from N745.19/$ on October 3, 2023, to N1035.12/$ […]
• Experts seek deliberate actions to tackle FX crisis, insecurity, corporate failure• Workers demand timely closure of new minimum wage negotiation• Safety, infrastructure development, vessel building top maritime agenda• Telcos to reap from rising content consumption• Controversial USSD debt carried into 2024 Against the backdrop of tougher projections for the New Year, economists and allied professionals […]
Chief executive officer, 11 Plc, Adetunji Oyebanji, has said the company has commenced exploration of the Compressed Natural Gas (CNG) market with the construction of facilities in Ibadan and Lagos respectively. Oyebanji, who disclosed this in an interview with the News Agency of Nigeria (NAN) on Thursday in Lagos, said that feat was part of […]
Naira has been rated among the world’s worst performing currencies in 2023. This is according to Bloomberg in its latest report. It said the currency… Naira has been rated among the world’s worst performing currencies in 2023. This is according to Bloomberg in its latest report. It said the currency is poised for its worst […]
• ATMs go blank, PoS operators exploit customers• Nigerians lament as banks’ apps fail• DMBs carry over N200b USSD debt to 2024 as platform drags Added to the economic slowdown and cash crunch challenges that took the shine off the 2023 festive period, sluggish payment digital channels have compounded the woes of Yuletide. The challenge […]
• Traders rue low patronage as bag of rice hits N70,000• Shoppers settle for poor quality commodities Hopes of a fun-filled Yuletide celebrations, with plenty to eat and drink, appear to have been dashed for millions of Nigerians, following scarcity of cash and high cost of goods and services. Across Lagos and other parts of […]
• Traders Lament Low Sales As Families Modify Plans• Situation Endangers Economy, Say Utomi, Tella, CACOL• ‘Nigerians Losing Faith In Banking Services’• Normalcy Restored In Kano, Residents Declare Basil Ayodeji Oduwole, an engineer with Mitsulift Nigeria, has always spent his Christmas and New Year with his family in Osogbo, Osun State, but this year, he […]
The acute scarcity of cash worsened on Friday, leaving many shoppers and travellers stranded and at the mercy of Points of Sales operators, who offered the small amounts of money available to them to desperate citizens for exorbitant fees. Also on Friday, hundreds of intending passengers, who wanted to travel to different parts of the […]
