Naira Appreciates to N1,607.15 per Dollar in NAFEM
The Naira appreciated to N1,607.15 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) yesterday. According to data from FMDQ, the indicative exchange rate for NAFEM fell to N1,607.15…
Dangote, BUA, and Lafarge Report N2.4tn in Cement Sales Amid Profit Decline
Nigeria’s three largest cement manufacturers, Dangote Cement Plc, BUA Cement Plc, and Lafarge Africa Plc, have reported significant increases in sales revenue, which surged to over N2.4 trillion by June…
LASBCA to Seal Construction Sites Without Licensed Professionals
The Lagos State Government announced plans to close down buildings under construction that lack supervision by relevant professionals in the built environment. This announcement was made on Monday by Gbolahan…
Tinubu Reschedules FEC Meeting, Calls Security Chiefs to Aso Rock
The Federal Executive Council (FEC) meeting scheduled for Monday afternoon has been rescheduled. Ministers who had arrived for the meeting were seen departing the Council Chambers at the Presidential Villa…
Rising Inflation and Exchange Rates Drive 98.5% of Lagos Residents to Rent
A recent report by BuyLetLive has revealed that approximately 98.5% of Lagos residents live in rented apartments. The study highlights that the persistent rise in inflation and fluctuating exchange rates…
DSS Raids Home, Arrests Endbadgovernance Protest Organizer in FCT
Operatives of the Department of State Services (DSS) have arrested Micheal Lenin, a prominent leader of the ongoing Endbadgovernance protests in the Federal Capital Territory. Lenin was apprehended by the…
Federal Government Urges FMBN and FHA to Innovate for Better Housing Delivery
The Federal Government has called on the leadership of the Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA) to adopt more innovative strategies in providing homes…
Real Estate Sector Reacts to CBN’s Interest Rate Hike: Calls for Affordable Mortgages-AIHS
In a decisive move to combat inflation and stabilize the economy, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised interest rates by 50 basis…
Displaced Victims of NNPCL Demolition in Kwara State Seek Compensation
Over 5,000 victims displaced by a demolition exercise carried out by the Nigerian National Petroleum Company Limited (NNPCL) in Kwara State have made a compensation appeal. The demolition took place…
Senior Advocate Femi Falana Slams Government’s Response to Youth Protests
Senior Advocate of Nigeria, Femi Falana, has condemned the government’s response to the ongoing nationwide protests against hardship and bad governance. In a statement released on Sunday, Falana accused the…