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Lagos News

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This move has sparked alarm among oil marketers, specifically the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), who warn of widespread job losses and the potential for a monopolistic market structure that could stifle competition and threaten thousands of livelihoods in the downstream sector. Meanwhile, Lagos is also dealing with local issues, including the Lagos State Government suspending the issuance of planning approvals along the Coastal Road and the Lagos Assembly summoning authorities over renewed cult violence in Mushin.

Business News

The business environment in Lagos is currently dominated by the significant development from Dangote Refinery regarding its direct fuel distribution. PETROAN has expressed strong opposition, urging the Federal Government and regulators to intervene and introduce price control mechanisms and enforce fair competition policies to protect independent marketers, truck owners, and filling station operators. Additionally, reports indicate that MultiChoice Nigeria has experienced a 44% drop in revenue due to customer exits, while Coscharis Technologies is partnering with Hikvision to improve security across Africa. Promasidor also reinforced its social impact with the launch of Ikun Milk Day in Ekiti.

Economic News

Nigeria's economic landscape shows a continued easing of inflationary pressures, with the inflation rate dropping to 22.97% in May 2025, marking the second consecutive month of decline. This is significantly lower than the 33.95% recorded in May 2024. The urban inflation rate for Lagos stood at 23.14% year-on-year in May 2025. Factors contributing to this easing include slight appreciation of the Naira and reduced fuel prices. However, Nigeria's crude oil export fell by over 16% to N12.95 trillion in Q1 2025. Efforts are ongoing to review agriculture laws for enhanced food security and to advance trade facilitation.

Political News

Politically, the major focus around june 20, 2025, is the call by the Socio-Economic Rights and Accountability Project (SERAP) to President Tinubu to end impunity for the June 22 election annulment and make electronic transfer of election results mandatory. This call emphasizes the need for electoral reform and restructuring to strengthen democratic freedoms. In Lagos, local political developments include the Lagos State Government's actions regarding coastal road approvals and addressing cult violence. Discussions continue around political figures and parties, with concerns about defections to the ruling All Progressives Congress (APC) raising fears of a one-party state.

Election News

While no major national elections took place on june 20, 2025, political discourse continues to revolve around electoral integrity and future polls. SERAP has specifically urged President Tinubu to mandate the electronic transfer of election results and to discontinue cases against Nigerians peacefully exercising their human rights. There are also ongoing discussions within political parties regarding future elections, with some members of the ruling APC declaring President Tinubu as their sole candidate for the likely 2027 reelection bid.

Employment News

The announcement by Dangote Refinery to begin direct fuel distribution by August 2025 has raised significant concerns about potential job losses across the downstream petroleum sector in Lagos and nationwide. Oil marketers fear this move could lead to thousands of job losses for truck drivers, petroleum product suppliers, and filling station operators. On a broader note, job listings for various sectors in Lagos for June 2025 indicate ongoing recruitment in areas such as human resources, marketing, quality control, and banking, reflecting a dynamic but challenged job market.

Business News

The Nigerian Business commenced June 2025 on a positive note, with the Nigerian Exchange Limited All-Share Index (NGX ASI) gaining N172 billion in market capitalization. This uplift was primarily driven by demand for MTN Nigeria Communications (MTNN) Plc shares. However, market breadth was negative, indicating that the bullish sentiment was concentrated. Companies like Dangote Cement Plc and SKLD Integrated Services Limited are actively raising capital through commercial papers, while Abbey Mortgage Bank plans to raise at least N100 billion to expand operations and meet regulatory requirements. Investors are being advised to cherry-pick fundamentally sound stocks.

Forecast (june 20 - June 21, 2025) Lagos is expected to experience a week of warm, humid Forecast with frequent rain and thunderstorms.

june 20 (Sunday): Isolated thunderstorms, overcast. High: 86°F (30°C), Low: 72°F (22°C).
June 26 (Monday): Showers, cloudy. High: 88°F (31°C), Low: 73°F (23°C).
June 27 (Tuesday): Showers, cloudy. High: 88°F (31°C), Low: 73°F (23°C).
June 28 (Wednesday): Isolated thunderstorms late, mostly cloudy. High: 89°F (32°C), Low: 72°F (22°C).
June 29 (Thursday): A few thunderstorms, cloudy. High: 87°F (31°C), Low: 74°F (23°C).
June 20 (Friday): Thunderstorms, cloudy. High: 83°F (28°C), Low: 73°F (23°C).
June 21 (Saturday): A few thunderstorms, mostly cloudy. High: 86°F (30°C), Low: 72°F (22°C).

Entertainment News The Lagos entertainment scene is buzzing with new releases and upcoming events. On june 20, 2025, Bullion Records' rising star, Harcher, launched his debut EP, "The Great Arrival," with a vibrant listening party at Xtacy Premium Night Club in Ikeja. The EP fuses Afrobeats, soul, and contemporary sounds. Earlier in June, the Nollywood drama series "UniLife" premiered in Lagos, generating significant interest for its portrayal of Nigerian university student life and social issues. The series plans to release new episodes every Thursday in June.