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Tag: Lagos

NAFDAC cuts licensing fees by 65%
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NAFDAC shuts Lagos pharmacy, drug stores over controlled drugs sale

The National Agency for Food and Drug Administration and Control has closed two drug stores in Idumota and one pharmacy in Surulere, Lagos, for selling unregistered and uncontrolled medications. The affected Idumota establishments belonged to Blue Choice Pharmaceutical Ltd., while VaticanBell Pharmacy in Surulere faced closure. Furthermore, Global Oneword Healthcare Ltd.’s little drug warehouse in […]

Lagos leads as traffic violators pay N2.1bn fine
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Lagos leads as traffic violators pay N2.1bn fine

Nine months’ worth of fines levied on traffic violators totaled N2.1 billion, which was distributed to no fewer than twelve state governments. The Punch reported that the data came from an examination of their budget performance reports for the third quarter, which were retrieved from Open Nigerian States, a website supported by budgIT that acts as […]

Lagos begins 25% reduction on transport costs Tuesday
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Lagos begins 25% reduction on transport costs Tuesday

The Lagos Metropolitan Area Transport Authority, on behalf of the Lagos State Government, has mandated the establishment of a 25% transport fare discount on the entire Lagos State Public Transport System. The Times reported that this disclosure is available on LAMATA’s official X (formerly Twitter) account and is part of a public notice that the […]

Lagos shuts Ogba Mall, Ajah Market over waste violations
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Lagos shuts Ogba Mall, Ajah Market over waste violations

The Lagos State Government has taken serious action by closing the Ogba Mall and Ajah Market due to illegal trash disposal practices. According to The Times, the Lagos State Waste Management Authority and the State Task Force on Environmental Sanitation and Special Offences collaborated on this operation, which took place on a Sunday. The enforcement team […]

Lagos govt launches financial council to encourage investment
Business

Lagos govt launches financial council to encourage investment

The Lagos International Financial Centre Council was established by the Lagos State Government in collaboration with EnterpriseNGR, an advocacy group, with the aim of encouraging investment in Lagos. According to The PUNCH, this was confirmed in a statement released on Friday, along with the news that the state has been asked to take part in […]

IGR
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Lagos, Rivers, FCT maintain IGR dominance — Report

The National Bureau of Statistics has said Lagos, Rivers, and the Federal Capital Territory lead the other states in terms of internally generated revenue in 2022, just like they did in 2021.   According to the NBS report on Internally Generated Revenue At the State Level for 2022, Lagos, Rivers and FCT generated ₦651,145,633,085.30, ₦172,823,232,535.44, […]

Lagos has maintained it's position as the top recipient of Capital Influx in Nigeria during the fourth quarter of 2023 (Q4 2023).
Business

Lagos generated N400bn domestic revenue H1 2023 – Report

The commissioner for Economic Planning and Budget, Ope George has stated that the Lagos State Government recorded Internally Generated Revenue of almost N400 billion as of June 2023. The Times reported that this statement was delivered at the Ikeja Budget Consultative Forum for 2024. The forum was spread out across the state’s five divisions of […]

FG may increase employee pensions in 2024 - Wages Commission
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Lagos pays 644 retirees N2bn pension

The Lagos State Government has paid 644 retirees a total of N2.017 billion in retirement payments. According to the National News Agency of Nigeria, the Director-General of the Lagos State Pension Commission, Babalola Obilana, made the statement on Wednesday during the distribution of the 101st batch of Retirement Bond Certificates to pensioners in Lagos State. According to […]

Why Lagos is fifth best global city to live in - Report
Business

Why Lagos is fifth best global city to live in – Report

A survey by Brand Finance City Index 2023 has revealed that Lagos has emerged as the fifth best African city with a high desire by people to live, work, and invest. According to the survey, Lagos ranks 56.7 percent behind Cape Town (South Africa), Cairo (Egypt), Johannesburg (South Africa), and Casablanca (Morocco) as the top four African […]

How to prevent building collapse in Lagos - Speaker Obasa
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How to prevent building collapse in Lagos – Speaker Obasa

Regulation adherence is essential in preventing building collapse in the country, according to State House of Assembly Speaker and expert on building collapse, Mudashiru Obasa. According to The Punch, speaking at a recent event held by the Building Collapse Prevention Guild in Lagos, he said the laws and regulations should be viewed as instruments of guidance rather […]

NPA, Lagos LG partner to enhance water supply
Business

NPA, Lagos LG partner to enhance water supply

The Nigerian Ports Authority and the Apapa Local Council Development district of Lagos State have joined forces to improve water supply in the state’s Apapa district. The statement was made during the second year in an office performance review meeting in Lagos by the Chairman of the Apapa Local Council Development Area of Lagos State, […]

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Why Lagos is Nigeria’s most expensive state – Report

The commercial capital of Nigeria, Lagos, has surpassed other states in claiming the title of most expensive city to live in, according to the most recent data on inflation. According to the National Bureau of Statistics, In June, the Lagos State inflation rate increased to 25.7%, higher than the national average of 22.7%. This indicates a 25.7% […]

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