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…
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…
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…
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…
ECOWAS Brown Card: Nigerian accident travellers get N84m compensation
The Secretary-General, Nigerian National Bureau, Mrs Henrietta Anyanna, said despite the fact that the Automatic Brown Card regime was yet to be adopted in Nigeria, travellers in the country within…
FG’s spending on pension, gratuity drops to N356bn
The Federal Government’s expenditure on pensions and gratuity fell slightly by N3.48bn in 2021, according to figures obtained from the Central Bank of Nigeria. The CBN revealed in its data…
Firm boosts gender equality in workplace
Great Nigeria Insurance Plc has said it is ensuring adequate representation of the female gender in the workplace. It said in a statement that, “For over 60 years, Great Nigeria…
Report fraudulent calls, PTAD urges retirees
The Pension Transitional Arrangement Directorate has urged its retirees to report any fraudulent call, saying that it will not tolerate pension fraud in the system. A statement said the Executive…
Debt servicing doubles, hits N896bn in three months – DMO report
Nigeria’s debt-servicing bill has increased by 109 per cent to N896.56bn, according to data obtained from the Debt Management Office. The PUNCH reported that as a result of the aforementioned,…
Foreign airlines kick as FG blocks $450m ticket revenue
The International Air Transport Association has expressed concern over the decision by the Federal Government of Nigeria to block foreign airlines from repatriating ticket sales revenue running to $450m (N188.6bn)…
43% homeowners delayed improvements due to inflation – Report
Sixty per cent of homeowners, in a recent survey, said they were less comfortable making large purchases for their homes or households because of rising prices, according to Hippo Insurance’s…
RIMAN harps on enterprise risk management
The Risk Management Association of Nigeria has expressed its commitment to sustainability and enterprise risk management in organisations. It said this in a statement on its upcoming annual general meeting…
