News

In pursuit of securing a new $750m loan from the World Bank, the Federal Government may reintroduce previously suspended telecom tax and other fiscal measures. This is according to the Stakeholder Engagement Plan for Nigeria – Accelerating Resource Mobilisation Reforms programme between Nigeria and the World Bank. A copy of the plan’s document posted on […]

Law students from the Lagos State University have emerged winners of the National Inter Faculty Competition. The competition which attracted participants from universities across the country, was organised by the Redeemers University in Osun State. This was revealed by the LASU handle on X on May 4, 2024, tweeting as @LASUOfficial. The competition which was […]

The Federal Government, through the Securities and Exchange Commission, is set to delist the naira from all peer-to-peer crypto platforms as the government steps up efforts to tackle exchange rate manipulators and dollar racketeers. The development came against the backdrop of the recent moves by the Federal Government to regulate Nigeria’s crypto market estimated at […]

Living healthy lives can be enabled by embracing and maintaining cleanliness in our urban surroundings, we not only enhance the hygiene of our streets and drains but also contribute to mitigating the adverse effects of pollution and promoting a sustainable future for generations to come. On April 6th, 2024, a community-driven initiative took to the […]

In a recent interview with newsmen, Lagos State Commissioner for Physical Planning and Urban Development, Dr Oluyinka Olumide, revealed that an alarming 80 per cent of buildings in Ibeju Lekki lack proper approval. He said, “Just last week, Thursday and Friday, myself and the team were on the Ibeju Lekki and Epe axes, and you would […]

Equity researchers have said that the stock market will continue on a positive trajectory this week after six weeks of consecutive negative performance was halted following repositioning by investors in anticipation of dividend declaration by corporates. They, however, said that the prospect of higher yields in the fixed income market could taper the expected rally. The […]

The volume of dollar traded (turnover) in the Nigerian Foreign Exchange Market, NAFEM, declined month-to-month (MoM) by 37.4 percent to $3.47 billion in April 2024 from $5.54 billion in March 2024. Vanguard analysis of weekly  transactions in the market as published by FMDQ showed that turnover stood at  $836.66  million in the first week of April […]

Petrol supply challenges facing the country entered its third week yesterday with marketers remaining upbeat about the situation following the release of more volumes by NNPC Limited. Checks by Vanguard showed that while the length of queues at some of the filling stations opened to motorists in Abuja has reduced significantly, the situation in Lagos remains unresolved. Around the central area of the […]