CBN Imposes 0.5% Cybersecurity Levy on Electronic Transfers
In a bid to enhance cybersecurity in Nigeria's financial sector, the Central Bank of Nigeria (CBN) has directed banks to commence a 0.5 percent levy on electronic transfers within the…
House Committee Reports: Cement Prices in Nigeria 69% Higher than in India
The House of Representatives Joint Committee investigating the surge in cement prices in Nigeria has expressed dismay at the high cost of the commodity compared to other African countries. Following…
South Africa Building Collapse Claims Four Lives, Dozens Remain Trapped
Rescuers in South Africa are working tirelessly to find survivors after a five-storey apartment block under construction collapsed, tragically claiming the lives of five individuals and leaving around 50 others…
NLC Opposes CBN Directive on Cybersecurity Levy, Calls for Reversal
The Nigeria Labour Congress (NLC) has strongly opposed the recent directive from the Central Bank of Nigeria (CBN) to impose a 0.5 (0.005) per cent cybersecurity levy on electronic transfers.…
Ikeja Electric Reduces Tariff for Band A Customers to N206.80/kWh
The Ikeja Electricity Distribution Company (IKEDC) has announced a reduction in the tariff payable by its Band A customers to N206.80 per kilowatt-hour, down from the N225/kWh previously approved by…
Greedy developers and use of substandard materials in housing development
A troubling trend has emerged among landlords looking to maximize profits at the expense of tenant safety and comfort. It has come to notice that many landlords across various regions…
Lagos State Commissioner Reveals 80% of Buildings in Ibeju Lekki Lack Approval
Dr. Oluyinka Olumide, the Lagos State Commissioner for Physical Planning and Urban Development, has revealed that a staggering 80% of buildings in Ibeju Lekki do not have approval. This disclosure…
Commissioner Explains Lagos State’s Decision to Relocate Squatters to Their Home States
The Lagos State Government has attributed the recent demolition of structures under the Dolphin Estate, Ikoyi, to the influx of "miscreants" into the state. According to the government, the continuous…
Why I Lived Under Lagos Bridge – 75-Year-Old Ghanaian
One of the displaced squatters of the 86 apartments under the Dolphin Estate Bridge, Ikoyi, Lagos, Usman Hassan, has spoken about his time in the squalid environment. Our source reports…
Lagos Authorities Give Illegal Squatters 48 Hours to Vacate FG Ikoyi Towers
Lagos State Government has issued a 48 hours ultimatum to illegal squatters at abandoned Ikoyi Towers, Lagos Island to evacuate. The State Commissioner for the Environment and Water Resources, Mr.…