LAGOS JULY 19TH (NEWRANGERS)-The cost of acquiring land in Lagos’ prime coastal development, Eko Atlantic, has soared from approximately N180 million in the early 2000s to over N2 billion per plot, according to the third edition of the State of Lagos Housing Market report. The report, released by the Roland Igbinoba Real Foundation for Housing…
LAGOS JANUARY 13TH (NEWSRANGERS)-The prices of refined petroleum products may rise in the coming days following the increase in the cost of Brent, the global benchmark for crude. Crude oil is a major commodity that determines the prices of refined petroleum products. On Sunday, the price of Brent reached $79.76 per barrel. The rise in…
LAGOS OCTOBER 25TH (NEWSRANGERS)-In a move to cut the cost of governance, President Bola Tinubu has restricted ministers, ministers of state, and heads of agencies of the federal government to a maximum of three vehicles in their official convoys. Tinubu, through a statement by his media aide, Bayo Onanuga, said no additional vehicles will be…
LAGOS MARCH 11TH (NEWSRANGERS)-Nigeria’s rising energy cost and prices of spare parts are threatening haulage business, with operators incurring more losses and struggling to break even. The removal of petrol subsidies and naira devaluation have caused a further surge in prices of vehicle spare parts and diesel, thereby worsening truckers’ woes. BusinessDay findings show…
LAGOS AUGUST 7TH (NEWSRANGERS)-No fewer than 500,000 bakery workers may lose their jobs as bakers are planning to shut down following increase in the cost of materials. The Association of Master Bakers and Caterers of Nigeria (AMBCN) said over 500,000 workers in the bakery industry may lose their jobs if and when they are forced…
LAGOS NOVEMBER 10TH (NEWSRANGERS)-Without the current subsidy on petrol, the actual importation and retail cost would be at N410 per litre as market conditions take price to thrice of N170 pump price, said the Group Chief Executive Officer of NNPC Limited, Mele Kyari. Daily Trust had reported on Tuesday that marketers are pushing for over…