...news, reports, issues... about Lagos
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 […]
There is no time the popular cliche: ‘no food for lazy man’, comes closer to the fore than in the daily life of every Nigerian, in these times. The economy is so telling on Nigerians that survival is more miraculous than strategic. However, Nigerians, known for resilience, are also strategically plotting to survive by any […]
LAGOS — The Independent Petroleum Marketers Association of Nigeria, IPMAN, said yesterday that the petrol scarcity currently spreading to more states across the country will take at least two weeks to normalise. This is even as the Nigerian National Petroleum Company Limited, NPCL insisted yesterday that it has adequate stock of the product. However, the Public Relations Officer […]
The average cost of preparing a pot of jollof rice for a Nigerian family of five rose more than four-fold in almost eight years largely as a result of the depreciation of the naira, according to a new Jollof Index report. This means a minimum wage earner in the country can only cook jollof once a month […]
President Bola Ahmed Tinubu has approved the takeoff of the first phase of the Consumer Credit Scheme for workers across the country. Consumer credit serves is the lifeblood of modern economies, enabling citizens to enhance their quality of life by accessing goods and services upfront, paying responsibly over time. It facilitates crucial purchases, such as […]
Lagos State Governor, Babajide Sanwo-Olu, has flagged off the “Eko Cares” Initiative, a social intervention programme aimed at lessening the burden on residents amid economic hardship. A total of 300,000 households are expected to benefit from the inaugural programme. Beneficiaries are cut across 20 Local Government Areas, and 37 Local Council Development Areas, LCDAs, of the state. […]
Professor of Human Rights and Gender Law, Yinka Olomojobi was shot dead last week Friday by suspected kidnappers at Iperu Remo, Ogun state. Unaware that he would lose his life in the hands of kidnappers, the Babcock University lecturer in this interview, raised concerns on the dire security situation in the country and adviced that government must be firm and […]
There is no dispute that Naira abuse, or more specifically, the act of spraying money at social events, has become an acceptable norm or cultural practice in Nigeria. Nigerians have a cultural affinity for lavish social gatherings. Many people regard these occasions as a means of displaying social status and wealth. Spraying Naira notes and […]
Pension savings have become an immediate lifeline for Nigerians as rising unemployment forced more people to draw on their balances for day-to-day expenses. This development has seen workers in both the public and private sectors who lost their jobs fall back on pension savings to survive current economic hardships. Data from the National Pension Commission shows that at the […]
For Adekunle William, chief executive officer of Dr Stitches Clothiers, the continuously rising energy costs are squeezing his business. High energy costs have tripled, forcing him to rely heavily on his generator, which is gulping down diesel at exorbitant prices, eating away his already thin profits. Adekunle is not alone in this challenging period. Across […]
