...news, reports, issues... about Lagos
The Naira on Tuesday crashed at the official market, trading at N1,416.57 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost N62.36. This represents a 4.60 percent loss when compared to the previous trading date […]
The Lagos State government has disclosed that agricultural sector contributes over N7 trillion annually to its Gross Domestic Product, GDP, due to its food sustainability and security system policy. The state Commissioner for Agriculture, Ms. Abisola Olusanya, made the disclosure, yesterday, during a ministerial press briefing to mark the first year of the second term […]
ABUJA — Against the backdrop of continued shortages and queues at petrol stations, pump prices are now settling at higher ranges across independent marketers and some major marketers. Vanguard findings in Lagos and Abuja also show that gaps between prices at major marketers’ filling stations and those of independent marketers are widening with major marketers maintaining […]
The Naira yesterday depreciated to N1,365 per dollar in the parallel market, from N1,320 per dollar on Tuesday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,402.67 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,402.67 per dollar from N1,390.96 per dollar on Tuesday, […]
A healthy diet is out of reach in a country with the second highest burden of stunted children in the world. Soaring prices of fish, meat and eggs pushed the daily cost of a healthy diet for an adult close to N1,000 in March, rising faster than general and food inflation, the Nigeria Bureau of Statistics revealed on Thursday. […]
As fuel scarcity continues to bite harder in different locations, the Federal Government says it has begun a 15-day emergency fuel supply to ensure the commodity circulates across the length and breadth of the country. The government also disclosed that vessels importing Premium Motor Spirit would continue to berth at the shore to discharge petrol […]
The naira yesterday, sustained its gain at the parallel market, and for the first time in one week gains also at the official window. At the Nigerian Autonomous Foreign Exchange (NAFEM) window, naira recorded gains as it closed at N1,390.96/$1 a N28.15 appreciation compared to N1,419.11/$1 it closed on Monday. By the end of trading […]
his was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. In this graphic, we ranked the top 20 countries by their amount of debt to China. These figures are as of 2022, and come from the World Bank (accessed via Yahoo Finance). The […]
The Nigerian National Petroleum Company Ltd. has assured Nigerians that the ongoing fuel scarcity and queues will be cleared out by Wednesday, April 31. Mr Olufemi Soneye, Chief Communications Officer, NNPCL, told the News Agency of Nigeria (NAN) on Tuesday in Lagos. According to Soneye, the company currently has availability of products exceeding 1.5 billion […]
Petrol queues, crowded bus stops, traffic and hikes in transport fares have returned to most states in Nigeria with residents resorting to buying petrol in jerrycans, fondly referred to as ‘kegs’ as black market prices soar towards N1000 per litre. Findings by BusinessDay showed long lines of motorists snaking around petrol stations, some waiting for hours only to […]
