LAGOS OCTOBER 25TH (NEWSRANGERS)-The Naira today depreciated to N1,740 per dollar in the parallel market from N1,739 per dollar on Thursday. However, the Naira appreciated to N1,601.2 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,600 per dollar from N1,601.2…
LAGOS OCTOBER 25TH (NEWSRANGERS)-Lagos lawyer and Human Right Activist, Chief (Barr.) Malcolm Omirhobo has described the scrapping of Niger Delta Ministry by President Bola Tinubu as wrong decision. The erudite legal luminary ascribed the scrapping of the Ministry to throwing away the baby and the bath water. Recall that President Bola Tinubu on Wednesday announced…
LAGOS OCTOBER 25TH (NEWSRANGERS)-In a move to cut the cost of governance, President Bola Tinubu has restricted ministers, ministers of state, and heads of agencies of the federal government to a maximum of three vehicles in their official convoys. Tinubu, through a statement by his media aide, Bayo Onanuga, said no additional vehicles will be…
LAGOS OCTOBER 25TH (NEWSRANGERS)-The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has confirmed that the federal government would impose 15 percent Value Added Tax (VAT) on luxury goods, adding that total subsidy removal became effective last month. Fielding investors’ questions at a meeting on the sidelines of the on-going IMF/World bank…
LAGOS OCTOBER 24TH (NEWSRANGERS)-Eight Nigerians, comprising seven women and a man, have been arrested by the Libyan Police after they were found with forged documents while being driven from one part of the country to another by a citizen of Libya who was equally nabbed, according to report from Migrant Rescue Watch today. The Migrant…
LAGOS OCTOBER 24TH (NEWSRANGERS)-Professor Humphrey Nwosu, the chairman of the National Electoral Commission (NEC), now known as the Independent National Electoral Commission (INEC), from 1989 to 1993 has been confirmed dead. Nwosu, born on October 2, 1941, breathed his last in a Virginia hospital in the United States.As the chief electoral officer, Nwosu conducted…