Lagos budget allocation can’t meet housing gap – Commissioner
Lagos State's Commissioner for Housing, Moruf Akinderu-Fatai, has said budgetary allotments are insufficient to meet the state's housing shortage. According to The PUNCH, he revealed this during a recent media briefing…
Lagos maintains top spot for capital inflow into Nigeria
Melvin Onwubuke Lagos has maintained it's position as the top recipient of Capital Influx in Nigeria during the fourth quarter of 2023. According to Nairametrics analysis of the published National…
African economic growth slumps to 3.2% in 2023
Melvin Onwubuke Nigeria and other African nation's economic growth fell to 3.2 per cent 2023 contrary to 4.1 per cent in 2022. According to Africa Development Bank, the political instability,…
Estate developers abandon building projects amid forex crisis
Melvin Onwubuke Nigerian Estate developers are facing a Herculean task in meeting project delivery timeline, due to the foreign exchange crisis. A report by Nairametrics show that the situation is…
NERC considers increase of prepaid meters
Alex Omenye The Nigerian Electricity Regulatory Commission is contemplating another increase in the price of prepaid meters, responding to heightened production costs faced by manufacturers. According to reports, the regulator…
Nigeria, Brazil seek direct flights between Lagos, Sao Paulo
President Bola Tinubu and Brazilian President Luiz Inácio Lula da Silva met on Sunday in Addis Ababa, Ethiopia, and talked about the possibility of starting direct flights between Lagos, Nigeria,…
Flutterwave’s non-code platform Disha temporarily shuts down
Alex Omenye No-code platform for creatives, acquired by Flutterwave in 2021, Disha is set to undergo a temporary shutdown effective March 31, 2024. The decision to pause operations stems from…
SERAP gives NNPCL seven days to explain $2.04bn, N164bn missing oil income
The Nigerian National Petroleum Company Limited has been contacted by the Socio-Economic Rights and Accountability Project to provide an explanation and account for the purported loss of $2.04 billion and N164…
Hardship: BUA increases staff salary by 50%
The Chairman of BUA Group, Abdul Samad Rabiu, has announced a 50% salary raise for all employees. BUA's Head of Human Resources, Mr. Mohammed Wali, signed an internal memo on…
Manufacturers, importers to stop supplying drugs to Kano market
The Pharmaceutical Council of Nigeria and the National Agency for Food and Drug Administration and Control have both issued a strong warning, requesting that all distributors, importers, manufacturers, and company representatives immediately stop…
NBS names three countries with highest capital investment in Nigeria
In the fourth quarter of 2023, the National Bureau of Statistics reported that the United Kingdom, Mauritius, and the Netherlands emerged as the leading contributors to capital investments in Nigeria.…
FG reopens Lagos airport runway after 11-month repairs
The Federal Airports Authority of Nigeria has reopened the 3.9km Runway 18R/36L of the Murtala Muhammed International Airport, Lagos after almost 11 months of maintenance repairs. In March 2023, FAAN…
