The Central Bank of Nigeria (CBN) says there is sufficient cash for economic activities after reports of scarcity in some locations. In a statement by Isa AbdulMumin, CBN director, corporate communications, the apex bank said the scarcity experienced in some locations was due to high volume withdrawals from its branches[Read More…]
News
SERAP Asserts Nigerians’ Constitutional Right To Privacy, Protection In 1999 Constitution
The Socio-Economic Rights and Accountability Project (SERAP) emphasized that Nigerians have the right to privacy and protection as guaranteed by the 1999 constitution, as amended. This assertion was made during a training workshop and interactive session on promoting citizens’ access to information, data, and digital rights in Nigeria. Dr. Olubunmi[Read More…]
2nd Cycling Lagos: Organisers postpone grand finale to Dec. 9
The Organisers of the 2nd Cycling Lagos event have announced postponement of the grand finale of the Cycling event scheduled for October 28 to Saturday December 9, 2023, to address some unforseen technical and logistics challenges. The Children edition of the Cycling Lagos event held at the Teslim Balogun Stadium[Read More…]
Isiaka, Marvelous, Others Win Gold at 2nd Cycling Lagos
Isiaka Ibrahim roared to victory in a sensational finishing during an under age 2nd Cycling Lagos Competition recently in Lagos to extend his dominance in Lagos State and Nigeria in general. Ibrahim, who won a gold and silver medals at the national youth championship recently in Delta State, cycled for[Read More…]
CHALLENGES of Housing Deficit Takes Center Stage at Knight Frank Conference
Issues around the challenges of acute housing deficit in Nigeria and beyond were the crux of discussion at this year’s Knight Frank Lagos Property Conference with the theme: Pragmatic Solution for Housing Delivery: Charting the Roadmap today in Lagos. In his welcome address, Frank Okosun, Senior Partner/CEO, Knight Frank Nigeria[Read More…]
HoR Urge SON To Curb Proliferation Of Substandard Steel In Nigeria
The House of Representatives has urged the Standard Organisation of Nigeria (SON) to check the proliferation of sub-standard steel production in Nigeria. It called on SON to commence massive enforcement of its mandate to prosecute anyone dealing in substandard steel products to face the law as enshrined in section (4)[Read More…]
Telecom operators in Nigeria have revealed that over 90 per cent of the data centres in Nigeria are located in Lagos, Nigeria’s economic centre due to insecurity and economic challenges. Speaking at the West Africa Telecoms Infrastructure Summit and Exhibition (WATISE) organised by Technology Mirror in Lagos, Chief Executive Officer[Read More…]
FCCPC vows to unravel mystery death of Abuja “one chance” victim
The Executive Vice Chairman/Chief Executive Officer, Federal Competition and Consumer Protection Commission (FCCPC), Babatunde Irukera who a member of the nine-man investigative panel of a “one chance” victim, Greatness Olorunfemi who was killed in Abuja recently said the Patients’ Bill of Rights would be one of the major considerations that[Read More…]
2023 Beacon of Safety Awards to Chrisland Schools Come Under Attack as Stakeholders probe Organizer’s Transparency
Education Consultant and Organizer of the Beacon of Safety Award in Lagos State, Bisi Esuruosho has come under heavy public scrutiny following her gifting of 12 out of 25 “safety Awards” to Chrisland Schools, with some schools owners in Lagos who requested anonymity stating clearly that Bisi Esuruoso was up[Read More…]
Nigeria’s Inflation Hits 24.08% As Subsidy Removal Bites Hard
Nigeria’s inflation surged to 24.08% in the month of July 2023, a 129 basis-point increase compared to 22.79% recorded in the previous month. This represents the sixth consecutive increase in the headline index this year. This is according to the recently released Consumer Price Index (CPI) report for July 2023[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]