LAGOS JUNE 4TH (NEWSRANGERS)-In a bid to further strengthen its crusade against the abuse of the naira, the Economic and Financial Crimes Commission, EFCC, has announced a 5% reward for whistleblowers who provide credible information leading to the prosecution of offenders. Dele Oyewale, spokesman of the EFCC, disclosed this as guest on the EFCC 97.3FM…
LAGOS JUNE 4TH (NEWSRANGERS)-The Federal Government has agreed to pay more than the N60,000 it initially proposed as new minimum wage. The decision was taken at a meeting the government had with labour leaders on Monday night in Abuja to address the dispute over the national minimum wage in response to the nationwide strike declared…
LAGOS JUNE 4TH (NEWSRANGERS)-FIFA has ruled that the top scorer at the 2024 Africa Cup of Nations, Emilio Nsue, was never eligible to represent Equatorial Guinea throughout his entire 11-year international career. The world football governing body stated this on Monday in a detailed verdict. FIFA also cancelled two wins that Equatorial Guinea recorded in…
LAGOS JUNE 3RD (NEWSRANGERS)-Most countries in the world today are respected or feared as a result of their military strength or how large their military personnel are. We can use the very recent case of Russia and Ukraine as an example of two countries at war with one having a larger army than the other,…
LAGOS JUNE 3RD (NEWSRANGERS)-In a move aimed at safeguarding the integrity of Nigeria’s financial system, the Central Bank of Nigeria (CBN) has taken the decisive step of revoking the banking license of Heritage Bank PLC. The action, effective immediately, comes in response to the bank’s persistent failure to improve its financial performance, posing a threat…
LAGOS JUNE 3RD (NEWSRANGERS)-The Federal Government borrowed N20.1 trillion from domestic investors in the first year of President Bola Tinubu’s administration, representing a year-on-year YoY increase of 117 per cent from former President Muhammadu Buhari’s last year in office, prompting concerns over the impact on the economy including likely additional pressure on inflation, increased debt…
LAGOS JUNE 3RD (NEWSRANGERS)-Bishop of the Anglican Diocese of Oru, Rt. Rev. Geoffrey Chukwunenye has raised the alarm that “Nigeria is gradually sliding into a total collapse and the government appears to have lost every idea on how to stop the slide.” The alarm was part of the 77-page presidential address he delivered, weekend, during…
LAGOS JUNE 3RD (NEWSRANGERS)-The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has explained that multinational companies exiting Nigeria did not have a liquid foreign exchange market. According to him, the government is working on the economic and investment climate to attract more multinationals into Nigeria. The Minister stated this while fielding…
