Special Reports

Families and operators of businesses in the country have continued to decry the recent hike in petrol prices as they grapple with the escalating cost of living amid widespread discontent in the country. The 50 percent increase in petrol price has rippled through the economy, driving up prices of essential goods and services, and exacerbating financial hardships for many. The price hike, which came into effect last week, has seen petrol prices soar to record highs of between N850/litre and N1,400 per litre depending on the area, adding to the already mounting pressure on household budgets. Owing to the hardship…
On Tuesday, Aliko Dangote showed off the new colourless petrol from his refinery — a stark contrast to the colour which Nigerians are used to, which is typically yellowish or reddish-pink. This made people question the quality of petrol in Nigeria. “You might think it looks different, but this is the real thing,” Dangote said,while pointing at the bottle. “You will now have good petrol and your car engines will last longer. You won’t have engine problems like we used to. It won’t happen at all. “The quality here is as good as anywhere in the world. We will make…
A building has collapsed in Nigeria’s megacity, Lagos, once every two weeks on average so far this year. Whereas the commercial cost can be calculated, a figure can never be put on the value of the lives lost underneath the rubble. The gaps among the buildings, replaced by piles of debris, represent a failure of governance as well as giving rise to allegations of contractors trying to cut corners to save money. There are regulations, there are maintenance schedules, there are inspectors – but the system does not work. Those responsible are never held to account, and so nothing ever…
Divorce.com, a United States website which offers resources and support for navigating divorce, has included Nigeria on its list of countries with high divorce rates. According to data published on their website in July, Nigeria ranked eleventh out of twenty-six countries with the highest divorce rate. The results were obtained after sampling respondents from these countries and compiling statistics from 16 primary sources, ensuring a comprehensive and reliable research process. The report also revealed a significant trend. Women in sub-Saharan Africa, especially Nigeria, are taking the initiative in divorce more often than men, a reflection of changing gender dynamics. According…
Nigerians are bracing for tough months ahead, with many planning to rely on borrowing and depleting their savings to manage their financial obligations amid a challenging economic landscape. This is according to the Central Bank of Nigeria’s (CBN) July 2024 Household Expectations Survey, which highlights growing consumer pessimism about the nation’s economic trajectory. The survey, which involved 1,665 households from across Nigeria, reveals a stark decline in consumer confidence, with the overall confidence index for the next three months standing at a negative 9.1 points. This figure reflects a significant level of anxiety among consumers who anticipate a continued decline…
Established as referral health facilities, with adequate and qualified health professionals, most teaching hospitals in Nigeria have fallen short of the expectations of those that are in need of healthcare services. The teaching hospitals are burdened by unreliable and high costs of electricity supply to power diagnostic equipment. Medical equipment in most of the facilities are either obsolete, malfunctioning or lack maintenance where they exist. The hospitals are poorly funded, resulting in health workers leaving the country in search of alternative means of living. Their patients groan in pain; and in most cases, the doctors and nurses watch helplessly. In…
From schoolchildren to VIPs, no one is safe from the pervasive menace of kidnapping ravaging the entire length and breadth of the country. Despite efforts from security agencies, gunmen still loom large on the horizon, as Nigerians live in constant fear of the unknown. Kidnapping has become one of the most pressing security concerns in Nigeria. The criminal enterprise touches every corner of the country. Abduction for ransom was rare until the emergence of Niger Delta militants in the early 2000s. The militants engaged in various forms of criminal activities under the pretence of resisting environmental degradation and absence of…
Africa has the youngest population of any continent, and recent protests in Kenya, Nigeria and Uganda suggest growing youth disillusionment. Will they be able to turn discontent into action? The youth-led protests that have broken out in several African countries over the past weeks should, say observers, serve as warnings that a disillusioned generation blame the elders of the ruling political classes for missed economic opportunities. From mid-June to early August, young people in Kenya hit the streets protesting against what they described as runaway corruption and high taxes levied by President William Ruto’s regime. In Uganda, what was shaping…
This comparison reveals a stark contrast between the situations of minimum wage workers in London and Abuja, particularly in terms of transportation costs and their impact on workers' lives and the broader economy. Let's break it down: 1. Economic Context: - London, UK: - Monthly Minimum Wage: £1,830.40. - Living Conditions: London is one of the most expensive cities globally, with high costs for housing, transportation, and other essentials. The minimum wage in London is higher compared to other regions in the UK due to the elevated cost of living, but this wage is still considered low relative to the…
Tesco London prices as at Sunday August 18: 25kg of white rice - £37.50 25kg of brown beans - £60 400g of white bread - £1.20 1 crate of 6 eggs - £1.20 1kg of broiler chicken - £4.00. For a family of 4 living on the monthly minimum wage of £1,830.40 in London earned by one of two adults in the family, let’s assume the following monthly food consumption: 1). 25kg of white rice - £37.50 2). 25kg of brown beans - £60 3). 30 loaves of 400g of white bread @ £1.20 per loaf = £36 4). 10…
June 06, 2025

Nigeria now Africa’s top cement exporter, says Aliko Dangote

Nigeria has transformed from being the world’s second-largest cement importer to becoming Africa’s leading cement…
June 02, 2025

Afenifere blasts Tinubu: ‘Midterm report shows woeful failure, economic deforms, and rising despair’

The pan-Yoruba socio-political organization, Afenifere, has issued a scathing midterm assessment of President Bola Tinubu’s…
June 05, 2025

This is the process that lets managers get the best out of their team

Frans Van Loef What does it mean to be a manager? In today’s world, managers…
May 31, 2025

Tools made of whale bones reveal inventiveness of prehistoric people

Artifacts found at archeological sites in France and Spain along the Bay of Biscay shoreline…
June 06, 2025

Gunmen kill two policemen, abduct Chinese in Kwara

The Kwara State Police Command on Thursday confirmed the killing of two policemen and the…
June 06, 2025

What to know after Day 1198 of Russia-Ukraine war

WESTERN PERSPECTIVE Four killed in intense Russian air attack on Ukraine's capital Russia mounted an…
June 06, 2025

Common supplements and medications could cause liver damage, studies show

Melissa Rudy Arun Sanyal, M.D., director of the VCU Stravitz-Sanyal Institute for Liver Disease and…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

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