LAGOS JANUARY 17TH (NEWSRANGERS)-The International Monetary Fund (IMF) identifies 10 African countries with manageable debt, shedding light on their economic stability. Nigeria stands out despite domestic concerns. Tanzania (41.8% Debt-to-GDP Ratio) Tanzania takes the lead among Africa’s least indebted nations with a debt-to-GDP ratio of 41.8%. The East African nation’s relatively low ratio indicates a […]
LAGOS JANUARY 17TH (NEWSRANGERS)-The Labour Party (LP) presidential candidate in the 2023 election, Peter Obi, has called on President Bola Tinubu and his vice, Kashim Shettima, to address the current insecurity in the country with immediate effect. The former Governor of Anambra State in a statement via X on Tuesday expressed deep concern over what […]
LAGOS JANUARY 17TH (NEWSRANGERS)-Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4 billion. The British energy giant pioneered Nigeria’s oil and gas business beginning in the 1930s. It has […]
LAGOS JANUARY 17TH (NEWSRANGERS)-Nigeria is discussing as much as $1.5 billion of World Bank funding to help ease a severe dollar shortage that has contributed to the naira’s steep decline. “We’re hoping to get $1 billion or $1.5 billion from the World Bank” for budgetary support, Finance Minister Wale Edun said Wednesday in a Bloomberg […]
LAGOS JANUARY 17TH (NEWSRANGERS)-Nigeria’s leader said Tuesday that his government will embark on “massive education” of youth as one way to tackle the increasing kidnappings for ransom now threatening the capital city along with the rest of the country’s conflict-hit north. President Bola Tinubu won last year’s election after promising to rid the West African […]
LAGOS JANUARY 15TH (NEWSRANGERS)-A bandit gang, armed with sophisticated weapons including AK-47 rifles, has attacked a joint military camp at Nahuta village in Batsari Local Government Area of Katsina. A security source attached to the camp told Channels Television on Monday that the attack was carried out at about 11:30 pm on Sunday. The hoodlums […]
LAGOS JANUARY 15TH (NEWSRANGERS)-Palpable fear has gripped residents of Sagwari Layout Estate Dutse, Abuja after the kidnappers who abducted ten persons from the area killed three of their victims. DAILY POST recalls that the daredevil gunmen had on January 7 invaded the estate with highly sophisticated weapons and abducted at least ten persons. Reports emerged […]
LAGOS JANUARY 15TH (NEWSRANGERS)-Depositors at Wema Bank are expressing concern following the bank’s announcement of a significant financial setback. The tier 2 lender, led by Moruf Oseni, revealed a loss of over ₦8 billion to litigation and fraud in 2023. The disclosure was made in the financial statement presented to the Nigeria Exchange Group, as […]
LAGOS JANUARY 15TH (NEWSRANGERS)-Former governor of Anambra state, Peter Obi, on Sunday, January 14, presented cheques worth about N75 million to the Annunciation Specialist Hospital for the commencement of its College of Nursing Sciences in Enugu. Obi, who was in the hospital on Sunday, said he mobilized $50,000 (about N60 million) from one of his […]
LAGOS JANUARY 15TH (NEWSRANGERS)-Fraudsters weekend hacked the WhatsApp number of a former senator representing Lagos Central, Tokunbo Afikoyomi, defrauding his friends of millions of naira. It was learned that though some of his friends were smart enough to call the senator before parting with money, which the fraudsters solicited on his behalf on Satuday, others […]
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