Nigeria’s headline inflation maintained its upward trajectory in a worrisome dimension as the inflation rate hit 28.92 per cent in December 2023 relative to the November 2023 headline inflation rate which was 28.20 per cent, largely driven by the soaring prices of basic food items and the impact of cost of energy on transportation. This is as the director general …

Lagos State government has announced the suspension of a 50 per cent reduction in public transport fares and a reversion to the old rates across the state. Old rates of public transportation take effect from today. The announcement was contained in a statement by Lagos Metropolitan Area Transport Authority (LAMATA), yesterday. “The 50% rebate in transport fare in the regulated …

Lagos State Government has rolled out relief measures to cushion the current hardship being faced by residents as a result of fuel subsidy removal by the Federal Government. Rising from the state’s Security Council meeting on Monday in Alausa, Ikeja, the governor announced a 50 per cent fare reduction across the state-owned public transportation services, effective Wednesday. Commuters using BRT …

E-hailing platform, Uber Nigeria has announced an increase in fares to help drivers cover the recent increase in fuel costs and inflation rate. In a statement by the Country Manager for Uber in Nigeria, Tope Akinwumi the firm said that the fare adjustment is designed to help drivers cover rising operating costs and is part of the ongoing efforts to …

Tension brewed on Friday in Akure metropolis, the capital of Ondo State, following a clash between commercial motorcyclists and taxi drivers over increased transportation fares occasioned by the hike in the pump price of Premium Motor Spirit (popularly known as petrol). The taxi drivers who grounded vehicular movements along the busy Oba Adesida/Oyemekun road accused the commercial tricyclists of picking …