...news, reports, issues... about Lagos
Power supply dropped to 3,636MW, yesterday, following the shutdown of Egbin Power Plant and challenges in the transmission network. The loss of 676MW from Egbin, Nigeria’s biggest power plant, at 10a.m., yesterday, dropped grid supply from 4,416MW to 3,632MW. A statement by the generation company posted on its verified X account (formerly Twitter) said the […]
• Deforestation may worsen as cooking gas soars by 164% in five years• Waivers to cost govt N10.5 billion in revenue loss• N250b CBN intervention fund fails as import continues• Stakeholders seek new interventions to halt importation Nigerians spend about N1.5 trillion on liquefied petroleum gas (LPG) yearly, an amount that may be exceeded next […]
Lagos State Governor Babajide Sanwo-Olu has said the current tax revenue accruing to the State is a far cry from actual projection, noting that the State has not fully optimised its tax potential. The Governor said Lagos had the capacity to widen its tax base and enhance efficiency in collection mechanism, but noted that the […]
It has been reported that the price of onion has been on the rise beyond what was obtainable years back. Recent findings by Daily Trust… It has been reported that the price of onion has been on the rise beyond what was obtainable years back. Recent findings by Daily Trust on Sunday also revealed that the commodity […]
The Federal Government spent N375.8bn on electricity subsidy between January and September this year, as power consumers paid a total of N782.6bn for the commodity during the same period, it was gathered on Sunday. The latest power subsidy figures obtained in Abuja from the Nigerian Electricity Regulatory Commission, an agency of the Federal Government, showed […]
About a week to Christmas Day, shoppers have condemned the worsening naira scarcity, with many of them expressing frustration over their inability to make vital purchases for the Yuletide celebration. Findings by The PUNCH on Sunday revealed that banks were still rationing cash over-the-counter, while several Automated Teller Machines visited did not dispense cash. Our […]
The Nigeria Customs Service generates 70 per cent of its revenue comes from Lagos State. This is according to a revelation by the Comptroller General of the Nigeria Customs Service, Adewale Adeniyi. The Customs CG said s on Thursday in Lagos during the CGC 2023 Conference with the theme ‘Leveraging Data Analytics for Secure and […]
• We are dying of hunger, citizens cry out • Minimum wage earners to spend 90% of income on rice• I pretend there’s no Christmas, says school teacher • Improve business environment to create jobs, FG urged Many households are not finding it easy as the ability to purchase daily and basic needs is becoming a […]
Nigeria witnessed another collapse of its national grid on Monday, leading to a crash in power generation from 4,032.8 megawatts around 1pm to 43.5MW at about 2pm the same day. Power generation figures obtained from the Transmission Company of Nigeria showed that electricity on the system moved up to 115.4MW around 3pm, before rising further […]
Taiwo Josu, a young lady in her 20s, strapped a school bag on her back; another of such bag was fastened on her chest, while a sack sat on her head. She appeared like someone set for the space, as she walked slowly under the heavy weight of what she carried this sweltering afternoon. Josu […]
