...news, reports, issues... about Lagos
Consumers’ wallets are rapidly shrinking as Nigeria’s food inflation rate is on course to hit an all-time high this month due to a combination of rising demand, higher transportation cost and worsening insecurity. BusinessDay analysis of the latest Consumer Price Index report by the National Bureau of Statistics (NBS) shows that food inflation, which constitutes […]
“Downgrade to less expensive products. Cut out subscriptions you’re not using enough…”Liz Claman, host of “The Claman Countdown” at FOX Business News said. “Cut back on the non-necessities and find ways to increase your income,” said Tonya Rapley, author of “The Money Manual.” PUT YOUR MONEY INTO BONDS “…Putting your money into Treasury I Bonds, […]
The Federal Government has deducted over N415bn from state government allocations to service their external loans, according to findings by The PUNCH. This was according to data from the Federation Account Allocation Committee Disbursement reports published by the National Bureau of Statistics. The deductions were made between 2019 and 2023 from the allocations given to state […]
Nigeria’s public debt increased from about N85 trillion to N93.7 trillion in the fourth quarter of 2023. This was revealed in the Q4 debt stock report published by the National Debt Management Office (DMO) on Friday. According to the corresponding press statement, the increase was largely due to new borrowing made by the federal government to finance […]
In these days of artificial intelligence, AI, where consumers are faced with information overload on many products and services which may turn out to be false or less than what is promised, the Group Executive Director, Commercial Operations at Dangote Industries Limited (DIL), Hajia Fatima Aliko Dangote, has said the consumers have the right to know […]
A typical average Nigerian household consumes beverages (chocolate powdered drink) daily. However, the continuous increase in the price of goods and services, which is affecting all and sundry, is also affecting the beverage sector. Today, the sight of different brands of beverages greet you, as you visit the market, but the prices are no no-go […]
The Niger State Government has signed an agreement with the Lagos State Rice Mill and Lagos Commodity Future Exchange to produce 300,000 tons of paddy rice annually on 50,000 hectares of farmlands across the North Central state. The agreement is part of the Memorandum of Understanding (MOU) recently signed by the Lagos State, Babajide Sanwo-Olu, […]
Isa Tijjani, a former Vice-President of the Nigeria Labour Congress (NLC), has said that incessant strike by the labour unions posed a significant threat to the nation’s economy. Tijjani said this at a news conference on Saturday in Kano. According to him, there are alternatives to strike, and urged labour unions to explore them in […]
The Nigeria Labour Congress, NLC, has called on the government to approve a new minimum wage that is commensurate with the cost of living in the country. While insisting on a living wage for workers in the country, the NLC President, Comrade Joe Ajaero, in his speech at the 11th Quadrennial Delegates Conference of the […]
The House of Representatives has raised alarms over the insufficient minimum wage for workers in the nation, stating that a monthly salary below N100,000 is not livable for any worker in the country. Rep. Aliyu Madaki of NNPP-Kano State pointed out on Wednesday that the soaring inflation rates in the nation have rendered basic necessities […]
