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Tweeps knock FG as fuel scarcity leaves commuters stranded
Energy

Scarcity: Petrol sells N180/litre as NNPC cuts supplies

Premium Motor Spirit also known as petrol now sells for N180 per litre in Lagos and Ogun states amid biting fuel scarcity and long queues that have extremely affected movement in the states. Long queues were seen at several filling stations such as Mobil, Capital, Fatgbems, Enyo, TotalEnergies and NNPC. There were also queues in […]

Economy

Fuel queues enter third day in Lagos, Ogun

Fuel queues have reached its third day in Lagos, Ogun, and other parts of the country. The situation has made the black market trade boom with a litre of petrol sold for as high as N300. Speaking on the petrol scarcity rocking major cities in the country, the Deputy National President, Independent Petroleum Marketers Association […]

PoS transactions hit N8trn in 2022 - NIBSS
News

PoS operations boom in urban neighbourhoods amid rising challenges

The Central Bank of Nigeria’s Vision 2020, released in 2007, was a calculated move by the apex bank to create a robust financial framework and promote a cashless economy in the country. The CBN launched the programme officially in September of 2013 as its response to the growing financial pressures on the banking systems, leading […]

Economy

Lagos to promote inter-African business through trade fair

The Vice President & Chairman, Trade Promotion Board, Lagos Chamber of Commerce and Industry, Leye Kupoluyi, has said the Lagos International Trade Fair will provide opportunities for cooperation in trade, industry, and investment among African countries. He said this during a press briefing on the upcoming 36th 2022 Lagos International Trade Fair with the theme, […]

Investment

Stock investors lose N767bn in one week

Investors lost N767bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The market opened for four trading days last week as the Federal Government declared Monday as a public holiday to commemorate the 2022 Democracy Day celebration. The NGX All-Share Index and market capitalisation of equities listed on […]

Maritime

NIMASA partners Navy on wreck removal

The Nigerian Maritime Administration and Safety Agency said it worked with the Hydrography Department of the Nigerian Navy to identify wrecks on the waterways. It said has commenced preparatory works to deploy a high-resolution magnetometer to validate the ongoing wreck removal exercise of all identified wrecks listed for removal along the Badagry Creek in Lagos. […]

Naira fall'll worsen Nigeria’s food, energy crisis — W’Bank
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Nigeria’s public debt, others hit 50-year high – World Bank

The World Bank Group has said that public debt in Nigeria and other low- and middle-income countries is now at a 50-year high, which is equivalent to more than 200 per cent of government revenues. In a new report titled, “Raising the Bar on Debt Transparency,” the Washington-based bank said with the pandemic-induced economic slowdown, […]

News

Quantity surveyors seek collaboration with professional bodies

The Association of Quantity Surveyors in Public Service has said it is looking to strengthen collaborations with allied professionals in order to improve efficiency and effectiveness in its service to the public. The Zonal Director, AQSPS, Fausat Ajibade, stated this during a two-day working visit of the national executives of the association which also featured […]

News

Lagos businesses spend N5.3tn on fossil fuel annually

Lagos State residents and businesses operating in the state spend about N5.3tn annually on fossil fuel as a result of the low supply of electricity from the national grid. The Commissioner for Environment and Water Resources, Mr Tunji Bello, while speaking at the first Lagos State climate change business meeting with members of the Organised […]

Tweeps knock FG as fuel scarcity leaves commuters stranded
News

Commuters stranded as petrol scarcity hits Lagos

Many passengers were stranded at various bus stops in Lagos State, Monday morning, as commercial vehicles were scarce on the road. The scarcity of vehicles was attributed to the fuel scarcity, which was gradually building up in some parts of Lagos. Our correspondent saw that many people were stranded at major bus stops along Ogba-Berger […]

Economy

Homebuyers feel inflation squeeze amid recession fears

While the housing market continues to get battered by rising interest rates and sky-high prices, Redfin’s CEO warned that homebuyers are feeling the inflation squeeze as the U.S. is “headed for recession.” “People who are looking to buy homes right now are still driven by the same factors,” Redfin CEO Glenn Kelman told “Cavuto: Coast […]

News

HMO partners LUTH on blood donation

Hallmark Health Service Limited, one of the Health Maintenance organisations, said it had continued its drive to ensure the availability of blood in the banks through collaboration with the Lagos University Teaching Hospital for voluntary donation by members of staff of the organisation. The health insurance company said in a statement that the event, sustenance […]

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