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Tag: Lagos

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, […]

News

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% […]

Elektron energy, EKEDP partner to build Lagos power plant 
Electricity

Elektron energy, EKEDP partner to build Lagos power plant 

Elektron Energy has invested $50 million in a 30-megawatt integrated natural gas-fired power station in Lagos, Nigeria, in collaboration with Eko Electricity Distribution Plc. Energy infrastructure firm Elektron Energy Development Strategies Limited buys, builds, and owns energy infrastructure projects in West Africa. The embedded Independent Power Plant will deliver uninterrupted electricity through dedicated 33kV and […]

Nigerian banks involved in 70% of financial crimes - EFCC
News

EFCC investigates over N317bn Lagos investment, forex fraud

The Economic and Financial Crimes Commission has declared that it is presently looking into numerous cases of forex and investment fraud totaling more than N317 billion in Lagos alone. At the same time, it was announced that Lagos, Nigeria’s commercial capital, had turned into the country’s epicentre for all kinds of economic and financial crimes. […]

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

Why Lagos is rated amidst worst cities to live – Report

A recent Economist Intelligence Unit report revealed that Lagos, recognized as Africa’s leading startup hub and the country’s major commercial capital, has been named one of the top five most uncomfortable cities to live in the world. Lagos experiences difficulties that contribute to its low ratings, such as endemic corruption and infrastructure problems, despite its thriving economy and […]

Lagos fully prepared to implement Electricity Act - Commissioner
Business

Lagos fully prepared to implement Electricity Act – Commissioner

The Lagos State Commissioner for Energy and Mineral Resources, Olalere Odusote, has shown confidence in the state’s ability to carry out the 2023 Electricity Act. In a recent statement posted on social media, he claimed that the Babajide Sanwo-Olu government is totally dedicated to advancing the implementation of a strong Lagos Electricity Market. This entails creating a […]

Petrol queues surface in Lagos, Abuja after Tinubu's subsidy announcement
News

Petrol queues surface in Lagos, Abuja after Tinubu’s subsidy announcement

  Residents of Lagos have started experiencing another rounds of long queues in various petrol stations following the announcement of the fuel subsidy removal by President Bola Tinubu. AM Business reported that Tinubu, in his inaugural speech shortly after his swearing-in in Abuja, declared that “fuel subsidy is gone”. He claimed that the budget he […]

Collapsed building in Banana Island, Lagos State
Business

Engineers demand forensic investigation of collapsed Lagos building

The Nigerian Institution of Structural Engineers has suggested carrying out a forensic investigation into the building collapse that took place at Close 102, 1st Avenue, Banana Island in Lagos. This was revealed in a  report titled “Preliminary Report of the Building Collapse at Close 102, 1st Avenue, Banana Island, Lagos”, accessed by The Punch. According […]

Ikeja Electric Distribution office
Business featured

Lagos community begs Ikeja Electric foe new transformer  

Members of Alimosho Local Government Area of Lagos, have appealed to a Nigerian Distribution Company, Ikeja Electric to fulfil the promise it made to install a relief transformer to the community. The members of the local government that made that plea with the DISCO company are those of the Prestige Community Development Association in Heritage […]

LAWMA staff to receive 20% salary increase
Business

LAWMA staff to receive 20% salary increase

The Lagos State Government has increased the salaries of the employees of the Lagos Waste Management Authority in the State by 20%. The Punch reported that the managing director and chief executive officer of LAWMA, Mr. Ibrahim Odumboni, revealed this in the State. The governor of Lagos State, Babajide Sanwo-Olu vowed to pay trash managers […]

Lagos plans CNG-powered buses by end of 2024
Economy

LIRS, FIRS joint tax agreement’ll benefit Nigerians – Sanwo-Olu

Governor Babajide Sanwo-Olu of Lagos State has expressed optimism that the state’s bilateral agreement with the Federal Government of Nigeria will benefit Nigerians. Sanwo-Olu stated this on Monday during the signing ceremony for a memorandum of understanding between the Federal Inland Revenue Service and the Lagos State Inland Revenue Service, according to Arise TV. The agreement creates […]

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