LAGOS SEPTEMBER 22ND (NEWSRANGERS)-Nigeria’s finance minister Adebayo Olawale Edun said up to $6.8 billion of overdue forward payments in the foreign exchange market need to be addressed before the naira stabilizes. The currency of Africa’s largest economy extended a months-long slide and hurtled toward the 1000-per-dollar mark in street trading on Thursday, as the central…
LAGOS SEPTEMBER 22ND (NEWSRANGERS)-Telecommunications giant MTN is currently embroiled in a protracted legal battle with a former top executive Mr. Ahmad Farroukh over the non-payment of his severance package. The burgeoning legal battle with MTN, which still lingers more than six-years after he had exited the company is seen as a typical case that highlights…
LAGOS SEPTEMBER 21ST (NEWSRANGERS)-The National and State Assembly Tribunal sitting in Jos, Plateau state capital, has sacked three Peoples Democratic Party (PDP) lawmakers. Those sacked include Remvyat Nanbol, Agbalak Adukuchill and Happiness Akawu, representing Langtang central, Rukuba/Iregwe and Pengana constituencies in the state house of assembly. The judgment was given on the eve of the…
LAGOS SEPTEMBER 21ST (NEWSRANGERS)-As President Bola Ahmed Tinubu marked his first 100 days in office recently, some residents of Abuja who spoke to Economy on the Street have expressed different opinions on the performance of the President so far. While some them criticised his leadership and accused him of bringing suffering and hunger to their…
LAGOS SEPTEMBER 21ST (NEWSRANGERS)-Argentina captain Lionel Messi has said he is unsure about his participation in the next World Cup to be co-hosted by the United States, Mexico and Canada in 2026, when he will be 39. “I don’t know if I will get there,” he told Argentine media personality Miguel Garrados in an interview…
LAGOS SEPTEMBER 31ST (NEWSRANGERS)-The recent coups in Africa are attempts by militaries to save their countries from presidents’ “broken promises,” the head of Guinea’s junta said Thursday as he rebuffed the West for boxing in the continent of more than 1 billion people. Col. Mamadi Doumbouya, who was sworn in as Guinea’s interim president following…
LAGOS SEPTEMBER 21ST (NEWSRANGERS)-Despite the numerous assurances by President Bola Ahmed Tinubu that the subsidy is gone, Daily Trust’s finding shows that the federal government paid N169.4 billion as subsidy in August to keep the pump price at N620 per litre. There have been several reports suggesting that the current price stagnation despite the worsening…
LAGOS SEPTEMBER 21ST (NEWSRANGERS)-President Bola Tinubu has filed an emergency application seeking a review of the judgement that ordered the release of his academic records to Atiku Abubakar. Judge Jeffrey Gilbert of the United States District Court had on September 19 ordered Chicago State University to release Mr Tinubu’s records to his Nigerian political opponent…