...news, reports, issues... about Lagos
Amid Nigeria’s food inflation crisis, new data by users has shown that it would cost a Lagos resident a little below N5,000 to feed daily. The data, which was submitted by locals on Numbeo, a platform that allows citizens and residents to provide data about cities and countries, shows that eating rice, milk, eggs and fruits […]
The Federal Government said it will begin the distribution of grains nationwide to curb hardship in the country. Minister of Agriculture and Food Security Senator Abubakar Kyari disclosed this in a statement via his official X handle on Monday. Dear Fellow Nigerians, In these trying times, I extend my sincere compassion to those affected by […]
As the economic downturn continues, all areas of Nigerian lives and plans are also striving to grapple with the situation, as areas like housing and rent are also being affected. Nigerians are used to building with cement, but now have to go for other alternatives, as the price of cement is now on the high […]
Chief Olusegun Osunkeye has a rich profile. An accomplished captain of industry, Osunkeye occupied top offices at blue chip companies in Nigeria including West Africa Portland Cement, WAPCO, where he was the Company Secretary/Accountant from 1969 to 1972, GlaxoSmithKline (GSK) and Nestlé. He retired from executive positions in 1999 but was recalled from retirement and […]
The torrential fall of the Naira which has turned the petroleum supply chain into a quagmire is fast eroding the projected gains after the federal government finally removed the petrol subsidy regime.Oil marketers and government officials also appear not to be on the same page when it comes to the actual landing cost of Petroleum […]
The Naira on Friday depreciated to N1,540 per dollar in the parallel market from N1,490 per dollar on Thursday. However, the naira appreciated to N1,548.25 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,548.25 per dollar from N1,595.11 per dollar on […]
Despite deregulation, Pinnacle Oil and Gas Limited, an indigenous oil and gas company active across the entire downstream value chain, has disclosed that Nigeria is currently paying about N1 trillion monthly as petrol subsidy. The Managing Director/CEO of the company, Mr. Robert Dickerman, disclosed this while speaking during a panel session six, on Nigeria’s Downstream […]
The Federal Government has paid $120m out of the $1.3bn indebtedness to gas companies for the supply of gas to run gas-fired power plants across the country. Nigeria is currently suffering from low power supply because many gas suppliers have reduced, while others stopped supplying the commodity to power-generating companies due to the indebtedness of […]
Reports have indicated that some traders who deal in grains have began to sell their goods to foreign countries in a bid to make higher profits. Naija News understands that the traders decided to sell their goods to foreigners because they had stronger currencies compared to the naira. Below are some countries that traders in Sokoto, Cross […]
The Presidency has faulted the nationwide protests by the Nigeria Labour Congress, alleging that some people are leveraging the situation in the country for their political agenda. The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, in an interview with TVC on Tuesday, monitored by one of our correspondents, said protests organised […]
