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 AUGUST 19TH (NEWSRANGERS)-The Nigerian Electricity Regulatory Commission’s (NERC) move to deregulate Meter Asset Providers (MAP) was hailed as the much-needed solution to the country’s persistent metering gap crisis. However, this silver bullet has come with a price, and not just figuratively. The soaring cost of prepaid meters has added a new layer of burden…
LAGOS SEPTEMBER 11TH (NEWSRANGERS)-The increase in tuition fees by schools as a new session begins has thrown many parents into a nightmare. The hike in fees is coming at a time when disposable incomes of families are shrinking occasioned by the removal of petrol subsidies which has spiral effects on prices of goods and services…
LAGOS JUNE 19TH (NEWSRANGERS)-The cost of shipping oil from Nigeria surged the most in more than a year this weekend, prompting some ship owners to stay away from Africa’s largest oil producer, a Bloomberg report has said. Freight for ships hauling about one million barrels of crude from Nigeria to Europe jumped almost $16,000 a…
LAGOS JULY 30TH (NEWSRANGERS)-Nigeria airlines have increased fares for domestic flights to at least N80,000 depending on the trip over the rising cost of aviation fuel and foreign exchange (FX) crisis. Checks by TheCable on Friday showed that Azman Air flight from Lagos to Kano/Kaduna increased from about N60,000 to N100,000. Air Peace also increased…
LAGOS JULY 3RD (NEWSRANGERS)-Nigerian nutritionist Emiolo Ogunsola stands in front of a dozen new mothers in a Lagos public hospital, listing the basic foods they need to keep their children well nourished: Eggs, vegetables and beans among them. Her pitch is abruptly interrupted. For the mothers listening, even those essentials are increasingly beyond their reach….