LAGOS JUNE 29TH (NEWSRNAGERS)-The naira has emerged as the worst-performing currency in the world in the first half of 2024. According to a report by Bloomberg on Friday, devaluation, insufficient dollar liquidity, and market volatility have hindered efforts by the Central Bank of Nigeria to strengthen the currency. Besides the naira, Egypt’s pound and Ghana’s…
LAGOS JUNE 29TH (NEWSRANGERS)-Kenyan activists on Friday circulated calls for fresh protests, strikes and sit-ins demanding President William Ruto quit, after nationwide demonstrations forced him to U-turn on proposed tax hikes. Ruto withdrew the contested finance bill on Wednesday and said he would listen to young people, a day after parliament was briefly stormed and…
LAGOS JUNE 29TH (NEWSRANGERS)-Lagos lawyer and human right activist, Chief (Barr) Malcolm Omirhobo has postulated that the Nigeria Government has no business in the ascension, selection, installation, reign, sustenance, maintenance and removal of traditional rulers . Malcolm who made the postulation in X Platform with the title, “Traditional Institutions and Democratic Institutions Are Two Parallel…
LAGOS JUNE 29TH (NEWSRANGERS)-The Federal Road Safety Corps (FRSC) has confirmed the death of at least 14 worshippers after a trailer ran into Jumaat congregation worshippers in Kano. It was learnt that the accident occurred at Imawa town, Kura Local Government Area on Kano-Kaduna highway shortly after Friday prayer around 13.50 pm when the driver…
LAGOS JUNE 29TH (NEWSRNAGERS)-The Lagos State Wastewater Management Office has sealed off a public toilet at Ogunlana Street, Egbeda, Lagos, following reports of illegal activities and environmental hazards. This was disclosed in a statement on X.com by the Commissioner for Environment and Water Resources, Tokunbo Wahab. According to the statement, the toilet, which was found…
LAGOS JUNE 29TH (NEWSRNAGERS)-Organised Labour, including the Nigeria Labour Congress and the Trade Union Congress, has rejected the proposal of the Southern Governors’ Forum to decentralise minimum wage negotiations to state governments. The NLC condemned the proposal as “unfriendly and anti-worker”, noting that allowing states to determine their minimum wages would be detrimental to workers’…
LAGOS JUNE 29TH (NEWSRNAGERS)-The Supreme Court has affirmed the conviction of the former Managing Director of Bank PHB Plc, Mr Francis Atuche, for fraud. The apex court, in a unanimous decision, held that Atuche, the Appellant, failed to dislodge the finding of the trial court which convicted him and the Court of Appeal which affirmed…
LAGOS JUNE 29TH (NEWSRNAGERS)-President Biden beat back calls Friday from allies that he consider bowing out of his reelection bid, following up Thursday’s weak debate performance with a firmly voiced promise to defeat former President Trump. “I give you my word as a Biden: I would not be running again if I didn’t believe with…