...news, reports, issues... about Lagos
It is clear that President Tinubu is not yet one year in office. It is also clear that he met gargantuan economic problems and challenges when he assumed office. It is also clear that those challenges and economic difficulties are systemic and system wide, as such not even a genius will overcome them in four […]
ABUJA — Protests yesterday , grounded parts of Edo, Lagos, Osun and other states of the country as citizens kicked against economic hardship and called on President Bola Tinubu to address the problem of hunger in Nigeria. The protests were organised by the Joint Action Front, JAF, the umbrella body of pro-workers civil society groups. […]
Drinkable water, a very important lubrication for the body system, has gone through many prices in the past few years, as Nigerians grapple to meet up with the increasing high cost of living. Now, a bag of sachet water that was sold for N50 naira is now N500 in some areas. Those who purchase water […]
The Nigeria Customs Service has described as unfortunate the stampede at its office in Yaba, Lagos, during the sale of 25kg bags of rice to Lagos residents that led to the death of some seven persons. Our correspondent learnt that people were trampled to death as a mass of people thronged the venue of the […]
…employ different coping strategies As the nation’s economy bits unrelentingly, Nigerians are devising different ‘structural adjustment strategies’ to keep body and soul together, the News Agency of Nigeria reports. A cross-section of respondents, who spoke with NAN in Ibadan on Friday, said they had resorted to rationing their meagre resources amidst other coping mechanisms. A […]
Despite the efforts of NNPC Ltd to flood the domestic market with petrol, long queues remained at many filling stations in Lagos and environs, yesterday. The company had attributed the emergence of queues to distribution hitches, which were further worsened by the demand of Nigerian Association of Road Transport Owners, NARTO for settlement of freight […]
The Trade Union Congress has warned that the planned protest on February 27 and 28 being championed by the Nigeria Labour Congress may lead to anarchy. This is as the union stated that the country was too volatile and tense because of the prevailing hunger in the land. This warning was made by the Deputy […]
Following the appreciation recorded at the official end of the foreign exchange market on Tuesday, the value of the naira closed stronger at the close of trading on the Nigeria Autonomous Foreign Exchange market (NAFEM) on Wednesday at N1,542.58 to the dollar. Compared with the N1,551.24 which it closed on Tuesday, the naira had appreciated […]
The Federal Government is to stop the exportation of Liquefied Petroleum Gas, popularly called cooking gas, in a bid to increase its volume domestically so as to warrant a crash in price. It stated on Thursday that LPG producers in Nigeria and key stakeholders in the industry had been told to stop exporting the commodity […]
•Say less than 20% of FX requirement available in banks •Concerns mount over crypto speculation as naira sustains free fall at parallel market, now N1920/$ •EFCC arrests BDC operators in Kano, Ibadan •ABCON blames FX volatility on market forces, liquidity challenges Emmanuel Addeh, James Emejo in Abuja, Dike Onwuamaeze, Nume Ekeghe in Lagos, Ahmad Sorondinki […]
