LAGOS JANUARY 16TH (NEWSRANGERS)-Nigeria’s foreign reserves have taken a significant hit, dropping by $359.91 million in just one week to settle at $40.56 billion as of January 13, 2025. This sharp decline follows a brief high of $40.91 billion recorded on January 7, 2025, according to the latest figures from the Central Bank of Nigeria…
LAGOS JANUARY 16TH (NEWSRANGERS)-Nigeria’s inflation rate rose to 34.8% in December 2024, up from 34.6% in November, driven by increased demand for goods and services during the festive season. This was revealed in the Consumer Price Index (CPI) report for December 2024, published by the National Bureau of Statistics (NBS). The NBS stated: “In December…
LAGOS JANUARY 16TH (NEWSRANGERS)-A Joint Security Team comprising the Police, Military and other security agencies have killed five suspected gunmen in Anambra State. This is coming as police, on Wednesday, rescued a woman detained by vigilante operatives in a community in the state over her husband’s indebtedness. These were revealed by spokesperson of the Anambra…
LAGOS JANUARY 16TH (NEWSRANGERS)-With the 2026 World Cup in mind, Inter Miami’s Lionel Messi could be loaned back to former club Barcelona in a sensational move. The Argentinian will celebrate his 39th birthday during a tournament which could be expected to herald his retirement from the game, so one last hurrah at the club which…
LAGOS JANUARY 16TH (NEWSRANGERS)-Palestinians burst into celebration across the Gaza Strip on Wednesday at news of a ceasefire between Israel and Hamas, with some shedding years of joy and others whistling, clapping and chanting “Allahu akbar” (God is greatest). “I am happy, yes, I am crying, but those are tears of joy,” said Ghada, a…
LAGOS JANUARY 16TH (NEWSRANGERS)-Rwanda said Wednesday it had made its first oil discovery, with confirmation of 13 reservoirs in Lake Kivu, which makes up part of its border with DR Congo. “The good news is that we have oil,” Francis Kamanzi, CEO of the Rwanda Mines, Petroleum and Gas Board, told a parliamentary hearing according…
LAGOS JANUARY 15TH (NEWSRANGERS)-All is set for Nigerian Maritime Journalists (NMJ) award to be conferred on the Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, MFR, as the “Iconic Maritime Personality of the Year 2024”. The need for the Nigerian maritime media practitioners to honour the CGC is a unanimous decision by all…
LAGOS JANUARY 15TH (NEWSRANGERS)-In a clear message of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. Each bank was fined ₦150 million for non-compliance, in line with the CBN’s…